Australia’s housing market has reached a fresh peak, with values climbing steadily across nearly all capital cities and regional centres throughout July.

 

According to PropTrack, national dwelling prices rose in every jurisdiction except the ACT (down just 0.2%), pushing annual growth to 4.9%. The median dwelling value now sits at $827,000, with houses averaging $915,000 and units $678,000.

 

Regional markets have led the charge over the past 12 months, particularly in the house sector:

 

•Regional South Australia: +12.3%

•Regional Western Australia: +10.2%

•Regional Queensland: +9.4%

Among capital cities, Adelaide continues to stand out with house values up 9.5%, followed by Brisbane (+7.8%) and Darwin (+6.5%).

 

PropTrack senior economist Anne Flaherty notes that while monthly increases may appear modest, momentum is building. “Auction clearance rates are the strongest we’ve seen in more than two years — a clear sign of buyer confidence returning,” she says.

 

In the unit market, Regional South Australia again leads with 13.8% annual growth, followed by Brisbane (13%) and Perth (11.4%). These figures reflect growing demand for affordable, high-yield dwellings in both city and lifestyle markets.