House Prices Soar Again – How Buyers Can Still Win

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Recent ABS data show Australian housing stock topped $11.56 trillion in June 2025 – a record high – after a $213.8 billion rise in just one quarter. That’s nearly a 60% jump from mid-2020 (about $7.25 trillion). Home values climbed across every state, with Queensland and Western Australia posting the biggest quarterly gains (+2.7%) according to the ABS. 

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Mean dwelling prices are at all-time highs (around $1.017 million nationally) after rising 1.4% in the June quarter. This broad boom – even as the population grows – has pushed affordability to multi-decade lows and made buying tougher for many. At the same time, buyer sentiment is firming: for example, the Melbourne Institute’s “time to buy” index in August 2025 hit its highest level in four years.

Buyers’ agents know this tight, rising market means you must act smart and fast. Pre-approval and planning are vital: getting finance approval early lets you move quickly. With prices still trending up, even a few weeks’ delay can mean higher costs. We advise building a shortlist of properties in advance and getting pre-approved for your loan so you’re ready to bid when a good home comes up. The Reserve Bank has already cut rates three times (Feb, May, July 2025), easing borrowing costs  but these are still high by historical standards, so lock in what you can now.

• Target Hot Suburbs: Queensland and Western Australia have led recent gains, so look for high-momentum pockets there. You can focus on suburbs showing strong recent comparables within each city.
  
  

• Seek Off-Market Deals: Consider off-market and pre-market opportunities with inventory tight. You can find out a reliable and smart buyers’ agent who can tell you about properties not yet listed or available by private negotiation. Submitting pre-auction offers can lock in a home before it hits a frenzied sale.
  
  

• Use First-Home Benefits: It is very important to tap into government schemes. Hire a broker to explore incentives like first home grants and other concessions, and to reduce the loan costs. Our team can coordinate with mortgage brokers so you can optimize LVRs and LMI savings, giving you extra buying power.
  
  

• Investor Considerations: Investors should weigh rent vs growth carefully. Rental yields are improving in some cities, but strong capital gains have been the story lately. Maintain serviceability buffers in your calculations, given higher rates. Talk to our advisors about long-term returns and tax strategies if you’re looking beyond home ownership.
  

Steady growth ahead for housing 

Keep an eye on the next quarter’s trends. New listings are only just lifting off a very low base, and auction clearance rates are back around 70% – the highest in over a year. Any further RBA rate moves (cuts expected in late 2025) could gently spur demand, but big gains may be checked by affordability pressures. In short, rising demand and limited supply should keep values growing, but at a steadier pace than the pandemic surge.

Ready to take advantage? As buyer’s agents, Prowealth Properties guides you through this hot market. Speak with our brokers today to check your borrowing power and start your shortlist, and turn today’s rising market into your best purchase. You can contact us at 61433853248 as well.