Australia’s unit market is continuing to outperform its freestanding house market. The latest data from PropTrack shows nationally and at a capital city level that unit price growth outpaced house price growth in the 12 months to May 2025.

There were four capital cities, Brisbane, Adelaide, Perth and Melbourne (although both its house and unit values dropped), where unit markets performed better than house markets. It is a continuing trend seen throughout Australia as buyers are priced out of house markets and discover that units offer a more affordable option, particularly within popular lifestyle locations.

PropTrack economist Anne Flaherty says even unit markets in regional centres performed well. “The outperformance of units has been particularly pronounced in the regions, where values are up 5.3% versus houses at 4.5%.”

“While houses have historically seen stronger capital growth compared to units, the high cost of developing units in the current market, combined with the lower price point at which they sell, has led to fewer of these properties being developed.”