While winter typically brings a quieter pace to the market, activity has remained surprisingly resilient over the past month — and there are a few key indicators worth noting as we head toward the spring season.
According to the latest PropTrack Home Price Index, national home prices rose 0.3% in July, reaching a new record high. Prices are now up 4.9% year-on-year, showing consistent growth despite seasonal conditions.
Regional areas outperformed the capitals again, recording 0.4% growth for the month and 6.5% annually. Among the capitals, Adelaide led the way, followed by Brisbane and Perth — all maintaining strong buyer demand and price momentum.
Looking closer at Melbourne, the market is showing real signs of recovery. Values have risen 2.8% over the past six months — equivalent to roughly 5.8% annual growth — and CoreLogic data shows a 0.5% rise in June alone. Buyer confidence is returning, particularly in the unit market, where competition is increasing and prices are now only 3.6% below their previous peak.
The Reserve Bank has cut interest rates this month — a move that’s likely to boost buyer activity and improve borrowing capacity. With spring just around the corner, this added incentive could help drive stronger demand, particularly in more affordable segments.
As we enter the second half of the year, we’re expecting activity to build, with more listings anticipated and buyer demand remaining strong. If you’re thinking of selling, now is a great time to start preparing.
The Noel Jones Group recently hosted its annual EOFY Awards Night, recognising outstanding achievements across the network. As part of the evening, we were proud to award $5,000 to Montrose Community Cupboard through our Community Support Program, and $20,000 to Challenge to continue their vital work supporting kids with cancer and their families.
