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Australian Home Prices Rise Amid Mixed Market Conditions

12/2/2025

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Summary

Story summary

In November, Australian home prices rose 1% to a median of A$888,941 (about US$581,990) according to Cotality.
Perth and Adelaide posted significant gains, while Sydney and Melbourne saw slower growth.
The Reserve Bank of Australia’s rate cuts have not improved affordability because rising prices offset benefits for new buyers.
Tim Lawless, Cotality's research director, described a mixed market with low renter vacancy and a supply shortfall challenging affordable housing efforts.

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Story summary

In November, Australian home prices rose 1% to a median of A$888,941 (about US$581,990) according to Cotality.
Perth and Adelaide posted significant gains, while Sydney and Melbourne saw slower growth.
The Reserve Bank of Australia’s rate cuts have not improved affordability because rising prices offset benefits for new buyers.
Tim Lawless, Cotality's research director, described a mixed market with low renter vacancy and a supply shortfall challenging affordable housing efforts.