m Average Value for First Time | The Urban Developer\"}],[\"$\",\"meta\",\"3\",{\"name\":\"description\",\"content\":\"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...\"}],[\"$\",\"meta\",\"4\",{\"name\":\"author\",\"content\":\"Lindsay Saunders\"}],[\"$\",\"meta\",\"5\",{\"name\":\"keywords\",\"content\":\",news\"}],[\"$\",\"meta\",\"6\",{\"name\":\"tud:categories\",\"content\":\",news\"}],[\"$\",\"meta\",\"7\",{\"name\":\"tud:author\",\"content\":\"Lindsay Saunders\"}],[\"$\",\"meta\",\"8\",{\"name\":\"article:section\",\"content\":\"news\"}],[\"$\",\"meta\",\"9\",{\"name\":\"article:published_time\",\"content\":\"2025-06-11T00:00+10:00\"}],[\"$\",\"meta\",\"10\",{\"name\":\"article:publisher\",\"content\":\"https://www.facebook.com/pages/The-Urban-Developer/199045310115813?ref=br_tf\"}],[\"$\",\"link\",\"11\",{\"rel\":\"canonical\",\"href\":\"https://theurbandeveloper.com/articles/abs-home-values-march-2025\"}],[\"$\",\"meta\",\"12\",{\"property\":\"og:title\",\"content\":\"Aussie Homes Top
m Average Value for First Time\"}],[\"$\",\"meta\",\"13\",{\"property\":\"og:description\",\"content\":\"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...\"}],[\"$\",\"meta\",\"14\",{\"property\":\"og:url\",\"content\":\"https://theurbandeveloper.com/articles/abs-home-values-march-2025\"}],[\"$\",\"meta\",\"15\",{\"property\":\"og:locale\",\"content\":\"en_US\"}],[\"$\",\"meta\",\"16\",{\"property\":\"og:image\",\"content\":\"https://images.ctfassets.net/8pr762qjocl3/6g0ELgFCutUvTP4UouSFZU/8a930992a3d3720df69059200633cc32/aussie_homes_top__1m.jpg\"}],[\"$\",\"meta\",\"17\",{\"property\":\"og:type\",\"content\":\"article\"}],[\"$\",\"meta\",\"18\",{\"name\":\"twitter:card\",\"content\":\"summary\"}],[\"$\",\"meta\",\"19\",{\"name\":\"twitter:site\",\"content\":\"@theurbandev\"}],[\"$\",\"meta\",\"20\",{\"name\":\"twitter:creator\",\"content\":\"@theurbandev\"}],[\"$\",\"meta\",\"21\",{\"name\":\"twitter:title\",\"content\":\"Aussie Homes Top
m Average Value for First Time\"}],[\"$\",\"meta\",\"22\",{\"name\":\"twitter:description\",\"content\":\"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...\"}],[\"$\",\"meta\",\"23\",{\"name\":\"twitter:image\",\"content\":\"https://images.ctfassets.net/8pr762qjocl3/6g0ELgFCutUvTP4UouSFZU/8a930992a3d3720df69059200633cc32/aussie_homes_top__1m.jpg\"}],[\"$\",\"link\",\"24\",{\"rel\":\"icon\",\"href\":\"/favicon.ico\",\"type\":\"image/x-icon\",\"sizes\":\"200x199\"}],[\"$\",\"link\",\"25\",{\"rel\":\"icon\",\"href\":\"/static/favicon.png\"}],[\"$\",\"link\",\"26\",{\"rel\":\"apple-touch-icon\",\"href\":\"/static/favicon.png\"}],[\"$\",\"meta\",\"27\",{\"name\":\"next-size-adjust\"}]]\n"])
million for the first time.\u003c/p\u003e\u003\u003eAccording to ABS figures for the March quarter, the total value of Australia’s residential homes rose by 0.7 billion (1.2 per cent) to .4 trillion.\u003c/p\u003e\u003\u003eABS head of finance statistics Mish Tan said the national mean price of residential homes ed
,002,500.\u003c/p\u003e\u003\u003eThe number of homes in Australia rose by 53,400 to 11,338,500 during the quarter.\u003c/p\u003e\u003\u003eWestern Australia, South Australia and Queensland were the main drivers of the rise, with Queensland reaching the second highest mean price in Australia, behind New South Wales, he said.\u0026nbsp;\u003c/p\u003e\u003\u003e“Despite the quarterly rise in national dwelling value, annual growth in the March quarter slowed to 5.9 per cent,” Tan said.\u003c/p\u003e\u003\u003e“This was down from 9.5 per cent in March quarter of 2024.”\u003c/p\u003e\u003\u003eQuarterly growth was experienced across all states and territories, led by Queensland (up 1.9 per cent) and South Australia (up 1.6 per cent).\u0026nbsp;\u003c/p\u003e\u003ch3\u003eMean home price, states and territories\u003c/h3\u003e\u003cdiv id=\"5vT2e9KpUT2strQ6iIxT26\"\u003e\u003icture\u003e\u003cimg src=\"//images.ctfassets.net/8pr762qjocl3/19vUnZ4A82R6dlOvkX9ysT/4d914f5c00b510d4f9cc38e71bae2135/Mean_dwelling_price__states_and_territories.jpeg\" alt=\"null\" data-mce-src=\"//images.ctfassets.net/8pr762qjocl3/19vUnZ4A82R6dlOvkX9ysT/4d914f5c00b510d4f9cc38e71bae2135/Mean_dwelling_price__states_and_territories.jpeg\"\u003e\u003c/picture\u003e\u003cdiv\u003e\u003cspan style=\"opacity: 0.8;\" data-mce-style=\"opacity: 0.8;\"\u003e▲ Source: ABS\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003\u003eThe Real Estate Institute of Australia said it expected prices to continue rising, although the pace of growth is unlikely to return to the levels seen during the Covid property boom.\u003c/p\u003e\u003\u003eREIA president Leanne Pilkington said the association expected house prices to continue to rise for the rest of the year.\u003c/p\u003e\u003\u003e“We\u003cspan data-mce-style=\"font-family:'Times New Roman', Times, serif;\" style=\"font-family:'Times New Roman', Times, serif;\"\u003e’\u003c/span\u003ere certainly not going to see the massive increases that we saw during Covid, but we do think house prices will continue to increase, particularly as interest rates are predicted to fall further,” she told media.\u003c/p\u003e"])
m.jpg\",\"file\":\"\"}\n2f:{\"metadata\":\"\",\"sys\":\"\",\"fields\":\"\"}\n2e:{\"imageName\":\"abs home values march 2025\",\"image\":\"mainf\"}\n3f:[]\n40:[]\n3e:{\"tags\":\"f\",\"concepts\":\"\"}\n43:{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}\n42:{\"sys\":\"\"}\n45:{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}\n44:{\"sys\":\"\"}\n41:{\"space\":\"\",\"id\":\"ewWf9CUn8AOHijldtRYdt\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T06:31:22.138Z\",\"updatedAt\":\"2025-06-11T06:31:22.138Z\",\"environment\":\"\",\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"}\n49:{\"width\":3680,\"height\":2400}\n48:{\"size\":1071044,\"image\":\"\"}\n47:{\"url\":\"//images.ctfassets.net/8pr762qjocl3/ewWf9CUn8AOHijldtRYdt/b79b965c1c4215f5c8f1f424289a758b/Rise_of_BNE_Midtown_HERO.jpg\",\"details\":\"\",\"fileName\":\"Rise of BNE Midtown HERO.jpg\",\"contentType\":\"image/jpeg\"}\n46:{\"title\":\"Rise of BNE Midtown HERO.jpg\",\"description\":\"Rise of BNE Midtown HERO.jpg\",\"file\":\"\"}\n3d:{\"metadata\":\"e\",\"sys\":\"\",\"fields\":\"\"}\n3c:{\"imageName\":\"Rise of BNE midtown HERO\",\"image\":\"d\"}\n4d:[]\n4e:[]\n4c:{\"tags\":\"d\",\"concepts\":\"e\"}\n51:{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}\n50:{\"sys\":\"\"}\n53:{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}\n52:{\"sys\":\"\"}\n4f:{\"space\":\"\",\"id\":\"01PJSlvD9FQVvDztPQ3NOD\",\"type\":\"Asset\""])
m Average Value for First Time\\",\\"datePublished\\":\\"2025-06-11T00:00+10:00\\",\\"dateModified\\":\\"2025-06-11T00:00+10:00\\",\\"description\\":\\"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...\\",\\"author\\":{\\"@type\\":\\"Person\\",\\"name\\":\\"Lindsay Saunders\\"},\\"publisher\\":{\\"@type\\":\\"Organization\\",\\"name\\":\\"The Urban Developer\\",\\"logo\\":{\\"@type\\":\\"ImageObject\\",\\"url\\":\\"https://theurbandeveloper.com/static/imgs/logo/tud-logo-amp.png\\",\\"width\\":500,\\"height\\":60}},\\"image\\":{\\"@type\\":\\"ImageObject\\",\\"url\\":\\"https://images.ctfassets.net/8pr762qjocl3/6g0ELgFCutUvTP4UouSFZU/8a930992a3d3720df69059200633cc32/aussie_homes_top__1m.jpg?w=1200\\",\\"height\\":600,\\"width\\":1200}}\"}}],[\"$\",\"$L2c\",null,{\"article\":{\"id\":\"1Qyg1RbOaPDcdGUhAMZo2p\",\"articleName\":\"Aussie Homes Top
m Average Value for First Time\",\"slug\":\"abs-home-values-march-2025\",\"datePublished\":\"2025-06-11T00:00+10:00\",\"tags\":[],\"summary\":\"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...\",\"readTime\":1.375,\"topStory\":false,\"memberContent\":false,\"primarySector\":{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential/\"},\"sectors\":[{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential\"}],\"locations\":[{\"id\":\"3q8H6oYIS6Pk7CTl9Xixc2\",\"name\":\"Australia\",\"slug\":\"australia\",\"path\":\"/locations/australia\"}],\"categories\":[],\"status\":null,\"pillar\":{\"id\":\"19rPayNDVGnh5SX60dgK3F\",\"name\":\"Research\",\"slug\":\"research\",\"path\":\"/pillars/research/\"},\"content\":\"maind\",\"Content\":false,\"type\":\"News Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"abs home values march 2025\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"6g0ELgFCutUvTP4UouSFZU\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T01:57:01.919Z\",\"updatedAt\":\"2025-06-11T01:57:01.919Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"aussie homes top
m.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/6g0ELgFCutUvTP4UouSFZU/8a930992a3d3720df69059200633cc32/aussie_homes_top__1m.jpg\",\"details\":{\"size\":114649,\"image\":{\"width\":920,\"height\":600}},\"fileName\":\"aussie homes top
m.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"maine\",\"shares\":0,\"authors\":[{\"firstName\":\"Lindsay\",\"lastName\":\"Saunders\",\"email\":\"[email protected]\",\"slug\":\"lindsay-saunders\",\"sub\":\"76052f1d-4253-40f7-a622-ba545c57c69c\",\"emailVerified\":true,\"phoneNumberVerified\":true,\"name\":\"Lindsay Saunders\",\"company\":\"The Urban Developer\",\"position\":\"News Editor\",\"phoneNumber\":\"425164721\",\"linkedIn\":\"https://www.linkedin.com/in/lindsay-saunders-90716a43/\",\"enabled\":true,\"Status\":\"CONFIRMED\"}]},\"listings\":[],\"topStories\":[{\"id\":\"2qnvlOEIDqHCZkmkAAXFuZ\",\"articleName\":\"Paperwork to Plate: The Rise of Brisbane’s Midtown\",\"slug\":\"brisbane-cbd-midtown-patona-ashemorgan-sentinel\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"Brisbane CBD's midtown precinct is on its way up and there is one key ingredient driving the migration...\",\"readTime\":5.85,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"40itWd42j1XlEH3ODhoFbn\",\"name\":\"Office\",\"slug\":\"office\",\"path\":\"/sectors/office\"}],\"locations\":[{\"id\":\"5b9JXbktX3XRX831l2T34M\",\"name\":\"Brisbane\",\"slug\":\"brisbane\",\"path\":\"/locations/brisbane\"}],\"categories\":[],\"status\":null,\"pillar\":{\"id\":\"4TMkIxGHitDB1n0Juglrn0\",\"name\":\"Precinct\",\"slug\":\"precinct\",\"path\":\"/pillars/precinct/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Rise of BNE midtown HERO\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"ewWf9CUn8AOHijldtRYdt\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T06:31:22.138Z\",\"updatedAt\":\"2025-06-11T06:31:22.138Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"Rise of BNE Midtown HERO.jpg\",\"description\":\"Rise of BNE Midtown HERO.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/ewWf9CUn8AOHijldtRYdt/b79b965c1c4215f5c8f1f424289a758b/Rise_of_BNE_Midtown_HERO.jpg\",\"details\":{\"size\":1071044,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"Rise of BNE Midtown HERO.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"c\",\"shares\":0,\"authors\":[{\"firstName\":\"Taryn\",\"lastName\":\"Paris\",\"email\":\"[email protected]\",\"slug\":\"taryn-paris\",\"sub\":\"7a30e859-dd93-43a0-9401-fee9c769c77a\",\"emailVerified\":true,\"phoneNumberVerified\":true,\"name\":\"Taryn Paris\",\"enabled\":true,\"Status\":\"CONFIRMED\"}]},{\"id\":\"6eAMM8p1BoQvsdzrB34uyM\",\"articleName\":\"Waiting for Victoria: Why Wel.Co says State Planning isn’t Working\",\"slug\":\"wel-co-andrew-welsh-planning-victoria\",\"datePublished\":\"2025-06-12T00:00+10:00\",\"tags\":[],\"summary\":\"Greenfield developer Andrew Welsh says red-tape tangles have made his home state untenable—and names where he’d rather work…\",\"readTime\":5.78,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential\"}],\"locations\":[{\"id\":\"5U3hE0ZmJGXIsKaP6H5a9x\",\"name\":\"Victoria\",\"slug\":\"victoria\",\"path\":\"/locations/victoria\"}],\"categories\":[{\"id\":\"2QYnyLKjiePlbYJxLd0ZBm\",\"name\":\"Planning\",\"slug\":\"planning\",\"path\":\"/categories/planning\"}],\"status\":null,\"pillar\":{\"id\":\"1JFGX6jxs8qPJG3CNCxstQ\",\"name\":\"Profile\",\"slug\":\"profile\",\"path\":\"/pillars/profile/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Wel Co's Thornhill Park, 40km west of the Melbourne CBD. \",\"alt\":\"Wel Co's Thornhill Park, 40km west of the Melbourne CBD. \",\"imageDesc\":\"Wel Co's Thornhill Park, 40km west of the Melbourne CBD. \",\"showDesc\":true,\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"01PJSlvD9FQVvDztPQ3NOD\",\"type\":\"Asset\",\"createdAt\":\"2025-06-12T03:52:57.104Z\",\"updatedAt\":\"2025-06-12T03:52:57.104Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"web tud plus wel co planning story.jpg\",\"description\":\"web tud plus wel co planning story.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/01PJSlvD9FQVvDztPQ3NOD/d812d1d905b166e84684dfc7865d285f/web_tud_plus_wel_co_planning_story.jpg\",\"details\":{\"size\":881280,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"web tud plus wel co planning story.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"a\",\"shares\":0,\"authors\":[{\"firstName\":\"Marisa\",\"lastName\":\"Wikramanayake\",\"email\":\"[email protected]\",\"slug\":\"marisa-wikramanayake\",\"sub\":\"031e627e-740b-4932-bce3-8846b77092f6\",\"emailVerified\":true,\"phoneNumberVerified\":false,\"name\":\"Marisa Wikramanayake\",\"company\":\"The Urban Developer\",\"enabled\":true,\"Status\":\"FORCE_CHANGE_\"}]},{\"id\":\"7DSVYF2OZi9kvYukDAsJQl\",\"articleName\":\"Amplified Affordability: Woods Bagot Cracks Housing Cost Code\",\"slug\":\"amplified-affordability-apartment-chassis-design-theory\",\"datePublished\":\"2025-06-11T00:00+10:00\",\"tags\":[],\"summary\":\"Leaning into simplified modular design and buyer research, the architect’s SA project has come in under 00 a square metre...\",\"readTime\":7.04,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential\"}],\"locations\":[{\"id\":\"3q8H6oYIS6Pk7CTl9Xixc2\",\"name\":\"Australia\",\"slug\":\"australia\",\"path\":\"/locations/australia\"}],\"categories\":[],\"status\":null,\"pillar\":{\"id\":\"5gz7ujL3JaQk75ymnBA69r\",\"name\":\"Sector\",\"slug\":\"sector\",\"path\":\"/pillars/sector/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Woods Bagot Principal Alex Hall and Penny Place Adelaide HERO\",\"alt\":\"Woods Bagot Principal Alex Hall and Penny Place Adelaide\",\"imageDesc\":\"Woods Bagot Principal Alex Hall and Penny Place Adelaide\",\"showDesc\":false,\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"5AqDV4S613GWubQLWTMDZI\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T04:17:10.239Z\",\"updatedAt\":\"2025-06-11T04:17:10.239Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"Woods-Bagot-Principal-Alex-Hall-Penny-Place-HERO.jpg\",\"description\":\"Woods-Bagot-Principal-Alex-Hall-Penny-Place-HERO.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/5AqDV4S613GWubQLWTMDZI/2b8bfb64513a7499448c340b9b0e1e30/Woods-Bagot-Principal-Alex-Hall-Penny-Place-HERO.jpg\",\"details\":{\"size\":1008415,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"Woods-Bagot-Principal-Alex-Hall-Penny-Place-HERO.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"\",\"shares\":0,\"authors\":[{\"firstName\":\"Leon\",\"lastName\":\"Della Bosca\",\"email\":\"[email protected]\",\"slug\":\"leon-della-bosca\",\"name\":\"Leon Della Bosca\",\"linkedIn\":\"https://www.linkedin.com/in/leon-della-bosca/\"}]},{\"id\":\"5i8ORS0gPSxGaIcoq5HtUF\",\"articleName\":\"Olympics a ‘Springboard’ for Brisbane’s Industrial Age\",\"slug\":\"brisbane-south-east-queensland-industrial-logistics-olympics-growth\",\"datePublished\":\"2025-06-10T13:00+10:00\",\"tags\":[],\"summary\":\"Developers are targeting brown-to-green projects in SEQ’s constrained land market, with a depth of capital hunting golden opportunities…\",\"readTime\":5.94,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"2gnv4mqjEEKyxeuKixFFW6\",\"name\":\"Industrial\",\"slug\":\"industrial\",\"path\":\"/sectors/industrial\"}],\"locations\":[{\"id\":\"5b9JXbktX3XRX831l2T34M\",\"name\":\"Brisbane\",\"slug\":\"brisbane\",\"path\":\"/locations/brisbane\"}],\"categories\":[{\"id\":\"79498HNzXj83rL4mWKzvWT\",\"name\":\"Markets\",\"slug\":\"markets\",\"path\":\"/categories/markets\"}],\"status\":null,\"pillar\":{\"id\":\"3nRp353ENnstLoLORQp78g\",\"name\":\"Trend\",\"slug\":\"trend\",\"path\":\"/pillars/trend/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Goodman Brisbane Industrial EDM\",\"imageDesc\":\"Goodman Brisbane Industrial EDM\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"5oTMPH9thF4Ox1A15VSfhS\",\"type\":\"Asset\",\"createdAt\":\"2025-06-09T03:42:51.568Z\",\"updatedAt\":\"2025-06-09T03:42:51.568Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"Goodman Brisbane Industrial.jpg\",\"description\":\"Goodman Brisbane Industrial.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/5oTMPH9thF4Ox1A15VSfhS/144bcb5a808dfac5d000c14743b57ec9/Goodman_Brisbane_Industrial.jpg\",\"details\":{\"size\":1287749,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"Goodman Brisbane Industrial.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"\",\"shares\":0,\"authors\":[{\"firstName\":\"Clare\",\"lastName\":\"Burnett\",\"email\":\"[email protected]\",\"slug\":\"clare-burnett\",\"name\":\"Clare Burnett\"}]},{\"id\":\"1PL8JQnvDNFOFQ9qyDpIlB\",\"articleName\":\"Get Creative Before BtR Wellspring Runs Dry, Sector Urged\",\"slug\":\"tud-btr-summit-papaleo-robert-markets\",\"datePublished\":\"2025-06-09T00:00+10:00\",\"tags\":[],\"summary\":\"Build-to-rent has matured but without fresh thinking, especially around finance, the sector will falter, a summit has been told…\",\"readTime\":3.87,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"4bY1Srbf8PMnhaVpzjqq5H\",\"name\":\"Build-to-Rent\",\"slug\":\"build-to-rent\",\"path\":\"/sectors/build-to-rent\"}],\"locations\":[{\"id\":\"3q8H6oYIS6Pk7CTl9Xixc2\",\"name\":\"Australia\",\"slug\":\"australia\",\"path\":\"/locations/australia\"}],\"categories\":[{\"id\":\"1u8lpROY6tZu7gcNvCvsCO\",\"name\":\"Development\",\"slug\":\"development\",\"path\":\"/categories/development\"}],\"status\":null,\"pillar\":{\"id\":\"5gz7ujL3JaQk75ymnBA69r\",\"name\":\"Sector\",\"slug\":\"sector\",\"path\":\"/pillars/sector/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"The Urban Developer's Build-to-Rent Summit in Melbourne.\",\"alt\":\"The Urban Developer's Build-to-Rent Summit in Melbourne.\",\"imageDesc\":\"Colliers build-to-rent head Robert Papaleo speaking at The Urban Developer's Build-to-Rent Summit in Melbourne.\",\"showDesc\":true,\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"79c2OSyYmcxuDZJFeVUwfi\",\"type\":\"Asset\",\"createdAt\":\"2025-06-09T04:51:05.196Z\",\"updatedAt\":\"2025-06-09T04:51:05.196Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"tud BtR summit plus june 9 WEB.jpg\",\"description\":\"tud BtR summit plus june 9 WEB.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/79c2OSyYmcxuDZJFeVUwfi/b622b444695c95f17cc42c8668ca0647/tud_BtR_summit_plus_june_9_WEB.jpg\",\"details\":{\"size\":779791,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"tud BtR summit plus june 9 WEB.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"\",\"shares\":0,\"authors\":[\"\"]}],\"isLoggedIn\":false,\"isMember\":false}]]}],[\"$\",\"$L83\",null,{\"latestNews\":[{\"id\":\"55eKs3wBk5UAhRva1pYUuh\",\"articleName\":\"Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors\",\"slug\":\"global-uncertainty-underwrites-australia-as-island-of-stability-for-investors-maxcap\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"Every year the number of investable markets diminishes, and global capital is increasingly seeking safe harbour in Australia’s real estate markets…\",\"readTime\":5.52,\"topStory\":false,\"memberContent\":false,\"primarySector\":{\"id\":\"lorCQUQ54eNZcy1rWsrYg\",\"name\":\"Finance\",\"slug\":\"finance\",\"path\":\"/sectors/finance/\"},\"sectors\":[{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential\"}],\"locations\":[{\"id\":\"6FwUvymmRqI89TRLveJnqk\",\"name\":\"Melbourne\",\"slug\":\"melbourne\",\"path\":\"/locations/melbourne\"}],\"categories\":[],\"status\":null,\"pillar\":{\"id\":\"2yO7h2gynAhkSWwtteydRQ\",\"name\":\"Policy\",\"slug\":\"policy\",\"path\":\"/pillars/policy/\"},\"content\":\"\",\"Content\":false,\"type\":\"News Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Melb MaxCap Island of Stability HERO\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"5bgtulfNxJtgiIFs59vhRs\",\"type\":\"Asset\",\"createdAt\":\"2025-05-27T06:11:39.628Z\",\"updatedAt\":\"2025-05-27T06:11:39.628Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"MaxCap Aus Island of Stability HERO.jpg\",\"description\":\"MaxCap Aus Island of Stability HERO.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/5bgtulfNxJtgiIFs59vhRs/5dacfec5cf86a4a155eaf085f61b49a0/MaxCap_Aus_Island_of_Stability_HERO.jpg\",\"details\":{\"size\":129528,\"image\":{\"width\":920,\"height\":600}},\"fileName\":\"MaxCap Aus Island of Stability HERO.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"\",\"shares\":0,\"authors\":[{\"firstName\":\"Taryn\",\"lastName\":\"Paris\",\"email\":\"[email protected]\",\"slug\":\"taryn-paris\",\"sub\":\"7a30e859-dd93-43a0-9401-fee9c769c77a\",\"emailVerified\":true,\"phoneNumberVerified\":true,\"name\":\"Taryn Paris\",\"enabled\":true,\"Status\":\"CONFIRMED\"}]},{\"id\":\"2qnvlOEIDqHCZkmkAAXFuZ\",\"articleName\":\"Paperwork to Plate: The Rise of Brisbane’s Midtown\",\"slug\":\"brisbane-cbd-midtown-patona-ashemorgan-sentinel\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"Brisbane CBD's midtown precinct is on its way up and there is one key ingredient driving the migration...\",\"readTime\":5.85,\"topStory\":true,\"memberContent\":true,\"primarySector\":{\"id\":\"2FjVCXcTrdRXDxMx7hoYxJ\",\"name\":\"Exclusive\",\"slug\":\"exclusive\",\"path\":\"/sectors/exclusive/\"},\"sectors\":[{\"id\":\"40itWd42j1XlEH3ODhoFbn\",\"name\":\"Office\",\"slug\":\"office\",\"path\":\"/sectors/office\"}],\"locations\":[{\"id\":\"5b9JXbktX3XRX831l2T34M\",\"name\":\"Brisbane\",\"slug\":\"brisbane\",\"path\":\"/locations/brisbane\"}],\"categories\":[],\"status\":null,\"pillar\":{\"id\":\"4TMkIxGHitDB1n0Juglrn0\",\"name\":\"Precinct\",\"slug\":\"precinct\",\"path\":\"/pillars/precinct/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Rise of BNE midtown HERO\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"ewWf9CUn8AOHijldtRYdt\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T06:31:22.138Z\",\"updatedAt\":\"2025-06-11T06:31:22.138Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"Rise of BNE Midtown HERO.jpg\",\"description\":\"Rise of BNE Midtown HERO.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/ewWf9CUn8AOHijldtRYdt/b79b965c1c4215f5c8f1f424289a758b/Rise_of_BNE_Midtown_HERO.jpg\",\"details\":{\"size\":1071044,\"image\":{\"width\":3680,\"height\":2400}},\"fileName\":\"Rise of BNE Midtown HERO.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"\",\"shares\":0,\"authors\":[\"$a1\"]},{\"id\":\"1qimaEKSxZ6qsv4eb93v89\",\"articleName\":\"Cedar Woods Wins Nod for Noble Park Social Housing\",\"slug\":\"cedar-woods-noble-park-social-housing-contract-melbourne\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"The Perth-based developer will partner with HousingFirst for the 97-unit Noble Park train station precinct project…\",\"readTime\":1.29,\"topStory\":false,\"memberContent\":false,\"primarySector\":{\"id\":\"6CFmBynoVuHsu3tIxPLk6A\",\"name\":\"Affordable \u0026 Social Housing\",\"slug\":\"affordable-and-social-housing\",\"path\":\"/sectors/affordable-and-social-housing/\"},\"sectors\":[{\"id\":\"6CFmBynoVuHsu3tIxPLk6A\",\"name\":\"Affordable \u0026 Social Housing\",\"slug\":\"affordable-and-social-housing\",\"path\":\"/sectors/affordable-and-social-housing\"}],\"locations\":[{\"id\":\"5U3hE0ZmJGXIsKaP6H5a9x\",\"name\":\"Victoria\",\"slug\":\"victoria\",\"path\":\"/locations/victoria\"}],\"categories\":[],\"status\":{\"id\":\"cSOTasPcns1SlSuQKnsf1\",\"name\":\"Approved\",\"slug\":\"approved\",\"path\":\"/status/approved/\"},\"pillar\":{\"id\":\"1gc9NgIxRRUYMKO0iad8BI\",\"name\":\"Project\",\"slug\":\"project\",\"path\":\"/pillars/project/\"},\"content\":\"$a2\",\"Content\":false,\"type\":\"News Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Cedar Woods Noble Park social housing HERO\",\"alt\":\"Cedar Woods Noble Park social housing HERO\",\"imageDesc\":\"Cedar Woods Noble Park social housing HERO\",\"showDesc\":false,\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"4HJYwHDrc0aa4ewasirGqF\",\"type\":\"Asset\",\"createdAt\":\"2025-06-12T03:30:38.167Z\",\"updatedAt\":\"2025-06-12T03:30:38.167Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"cedar-woods-noble-park-HERO.jpg\",\"description\":\"cedar-woods-noble-park-HERO.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/4HJYwHDrc0aa4ewasirGqF/3ddcffe134014323c3cbab281a483bd6/cedar-woods-noble-park-HERO.jpg\",\"details\":{\"size\":87635,\"image\":{\"width\":920,\"height\":600}},\"fileName\":\"cedar-woods-noble-park-HERO.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"$a3\",\"shares\":0,\"authors\":[{\"firstName\":\"Leon\",\"lastName\":\"Della Bosca\",\"email\":\"[email protected]\",\"slug\":\"leon-della-bosca\",\"name\":\"Leon Della Bosca\",\"linkedIn\":\"https://www.linkedin.com/in/leon-della-bosca/\"}]},{\"id\":\"6AZGZbhIJqUXMIYRRkBTCe\",\"articleName\":\"Decade On, Mandarin Centre Redevelopment Revealed\",\"slug\":\"mandarin-centre-chatswood-development-apartments-shopping\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"The ageing five-storey retail and Asian food hub near Chatswood station was approved for a 30-storey office…\",\"readTime\":3.645,\"topStory\":false,\"memberContent\":true,\"primarySector\":{\"id\":\"1KWxcgpKH9IrH2eWhPwKbX\",\"name\":\"Retail\",\"slug\":\"retail\",\"path\":\"/sectors/retail/\"},\"sectors\":[{\"id\":\"3hoTqWFaDLqAC9CuyASQLr\",\"name\":\"Residential\",\"slug\":\"residential\",\"path\":\"/sectors/residential\"}],\"locations\":[{\"id\":\"yc48OwL6FvFMmGdun4aei\",\"name\":\"Sydney\",\"slug\":\"sydney\",\"path\":\"/locations/sydney\"}],\"categories\":[{\"id\":\"1u8lpROY6tZu7gcNvCvsCO\",\"name\":\"Development\",\"slug\":\"development\",\"path\":\"/categories/development\"}],\"status\":{\"id\":\"6ySC7kMntHq0jUoMjSOpYZ\",\"name\":\"Concept\",\"slug\":\"concept\",\"path\":\"/status/concept/\"},\"pillar\":{\"id\":\"1gc9NgIxRRUYMKO0iad8BI\",\"name\":\"Project\",\"slug\":\"project\",\"path\":\"/pillars/project/\"},\"content\":\"\",\"Content\":true,\"type\":\"News Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"Mandarin Centre EDM\",\"imageDesc\":\"Mandarin Centre EDM\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"7wk5d4FRA7WcahqIUuGYrB\",\"type\":\"Asset\",\"createdAt\":\"2025-06-11T05:19:37.041Z\",\"updatedAt\":\"2025-06-11T05:19:37.041Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"Mandarin Centre EDM.jpg\",\"description\":\"Mandarin Centre EDM.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/7wk5d4FRA7WcahqIUuGYrB/c94d4e86c3825bd0549980f4ee123769/Mandarin_Centre_EDM.jpg\",\"details\":{\"size\":105759,\"image\":{\"width\":920,\"height\":600}},\"fileName\":\"Mandarin Centre EDM.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"$b1\",\"shares\":0,\"authors\":[{\"firstName\":\"Clare\",\"lastName\":\"Burnett\",\"email\":\"[email protected]\",\"slug\":\"clare-burnett\",\"name\":\"Clare Burnett\"}]},{\"id\":\"1qU5i6MkoTxK2nuV4OhVAo\",\"articleName\":\"The 10 Biggest BtR Projects Under Construction in 2025\",\"slug\":\"the-10-biggest-btr-projects-under-construction-in-2025\",\"datePublished\":\"2025-06-13T00:00+10:00\",\"tags\":[],\"summary\":\"As the asset class matures, The Urban Developer reveals the 10 biggest build-to-rent projects (by asset value) under construction this year...\",\"readTime\":4.455,\"topStory\":false,\"memberContent\":true,\"primarySector\":{\"id\":\"4bY1Srbf8PMnhaVpzjqq5H\",\"name\":\"Build-to-Rent\",\"slug\":\"build-to-rent\",\"path\":\"/sectors/build-to-rent/\"},\"sectors\":[{\"id\":\"4bY1Srbf8PMnhaVpzjqq5H\",\"name\":\"Build-to-Rent\",\"slug\":\"build-to-rent\",\"path\":\"/sectors/build-to-rent\"}],\"locations\":[{\"id\":\"3q8H6oYIS6Pk7CTl9Xixc2\",\"name\":\"Australia\",\"slug\":\"australia\",\"path\":\"/locations/australia\"}],\"categories\":[],\"status\":{\"id\":\"M7XjeKCiKK4rq2eeOwSur\",\"name\":\"Construction\",\"slug\":\"construction\",\"path\":\"/status/construction/\"},\"pillar\":{\"id\":\"19rPayNDVGnh5SX60dgK3F\",\"name\":\"Research\",\"slug\":\"research\",\"path\":\"/pillars/research/\"},\"content\":\"\",\"Content\":true,\"type\":\"Feature Article\",\"author\":\"\",\"articleThumbnail\":{\"imageName\":\"10 biggest btr under way 2025\",\"image\":{\"metadata\":{\"tags\":[],\"concepts\":[]},\"sys\":{\"space\":{\"sys\":{\"type\":\"Link\",\"linkType\":\"Space\",\"id\":\"8pr762qjocl3\"}},\"id\":\"SVSb5o5PqD5MXnRbjq63v\",\"type\":\"Asset\",\"createdAt\":\"2025-06-12T01:37:51.042Z\",\"updatedAt\":\"2025-06-12T01:37:51.042Z\",\"environment\":{\"sys\":{\"id\":\"master\",\"type\":\"Link\",\"linkType\":\"Environment\"}},\"publishedVersion\":2,\"revision\":1,\"locale\":\"en-AU\"},\"fields\":{\"title\":\"2.jpg\",\"description\":\"2.jpg\",\"file\":{\"url\":\"//images.ctfassets.net/8pr762qjocl3/SVSb5o5PqD5MXnRbjq63v/bb91bd4047732cf834e2dcb1dc17bd9a/2.jpg\",\"details\":{\"size\":92077,\"image\":{\"width\":920,\"height\":600}},\"fileName\":\"2.jpg\",\"contentType\":\"image/jpeg\"}}}},\"featureImage\":\"$bf\",\"shares\":0,\"authors\":[{\"firstName\":\"Editorial\",\"lastName\":\"Desk\",\"email\":\"[email protected]\",\"slug\":\"editorial-desk\",\"sub\":\"b1f48768-4117-4a6c-b97b-982024fa006b\",\"emailVerified\":true,\"phoneNumberVerified\":true,\"name\":\"Editorial Desk\",\"enabled\":true,\"Status\":\"CONFIRMED\"}]}]}],[\"$\",\"div\",null,{\"className\":\"article__print-url-container\",\"children\":[\"$\",\"span\",null,{\"children\":[\"Article originally posted at: https://\",\"theurbandeveloper.com\",\"/articles/\",\"abs-home-values-march-2025\"]}]}]]\n"])
m Average Value for First Time","datePublished":"2025-06-11T00:00+10:00","dateModified":"2025-06-11T00:00+10:00","description":"Predicted interest rate falls have been tipped to keep values rising albeit not at the rates of the Covid property boom...","author":{"@type":"Person","name":"Lindsay Saunders"},"publisher":{"@type":"Organization","name":"The Urban Developer","logo":{"@type":"ImageObject","url":"https://image.staticox.com/?url=https%3A%2F%2Ftheurbandeveloper.com%2Fstatic%2Fimgs%2Flogo%2Ftud-logo-amp.png","width":500,"height":60}},"image":{"@type":"ImageObject","url":"https://images.ctfassets.net/8pr762qjocl3/6g0ELgFCutUvTP4UouSFZU/8a930992a3d3720df69059200633cc32/aussie_homes_top__1m.jpg?w=1200","height":600,"width":1200}}
The value of the average Australian home has ed $1 million for the first time.
According to ABS figures for the March quarter, the total value of Australia’s residential homes rose by $130.7 billion (1.2 per cent) to $11.4 trillion.
ABS head of finance statistics Mish Tan said the national mean price of residential homes ed $1 million for the first time in the quarter 2025, rising 0.7 per cent or $6900 to $1,002,500.
The number of homes in Australia rose by 53,400 to 11,338,500 during the quarter.
Western Australia, South Australia and Queensland were the main drivers of the rise, with Queensland reaching the second highest mean price in Australia, behind New South Wales, he said.
“Despite the quarterly rise in national dwelling value, annual growth in the March quarter slowed to 5.9 per cent,” Tan said.
“This was down from 9.5 per cent in March quarter of 2024.”
Quarterly growth was experienced across all states and territories, led by Queensland (up 1.9 per cent) and South Australia (up 1.6 per cent).
Mean home price, states and territories
▲ Source: ABS
The Real Estate Institute of Australia said it expected prices to continue rising, although the pace of growth is unlikely to return to the levels seen during the Covid property boom.
REIA president Leanne Pilkington said the association expected house prices to continue to rise for the rest of the year.
“We’re certainly not going to see the massive increases that we saw during Covid, but we do think house prices will continue to increase, particularly as interest rates are predicted to fall further,” she told media.
