Nation’s Home Value Surge Sweeps Up More Suburbs

The home values of almost 45 per cent of Australian suburbs are at a record high.

According to Cotality’s latest Housing Chart Pack, a suburb-level analysis has revealed the broad nature of the current housing upswing as values across 44.8 per cent of the 3722 suburbs analysed were at a peak at the end of June.

That share was expected to rise in coming months, the report said.

Markets in Queensland and Western Australia have led the charge with Brisbane and Regional Queensland recording the highest share of suburbs at peak, at 78.8 per cent and 77.7 per cent respectively.

Perth followed with 74.8 per cent of suburbs recording all-time highs, while Adelaide, Regional SA and Regional WA had 61.4 per cent, 58.8 per cent and 53.6 per cent of suburbs at peak respectively.

Although most suburbs nationwide are not currently at a record high, momentum is building, according to Cotality (formerly CoreLogic).

At the end of June, values across 329 suburbs were within 0.5 per cent of their previous peak, and 290 of those recorded value-rises over the quarter.

With national home values up 0.6 per cent in June, the proportion of suburbs at peak is expected to climb above the 50 per cent mark in the coming months.

Cotality economist Kaytlin Ezzy said the figures showed the widespread nature of the housing market’s recent recovery.

“While national indices provide a macro view, suburb-level data shows how widespread this growth phase really is,” Ezzy said.

“The fact that so many suburbs are either at or just shy of their peak shows not only the diverse recovery in markets like Sydney and Melbourne, but also the continued resilience of recent hotspots including Brisbane, Perth and Regional Australia.”

Portion of suburbs with values at peak

▲ Cotality economist Kaytlin Ezzy: The data underscores the continued resilience of home value hotspots.

The analysis also highlighted how market performance has diverged across the country over recent years.

Several cities, including Sydney, Perth, Adelaide and now Darwin, have returned to peak, while others are still making up ground.

Ezzy said that variation in localised economic conditions, housing supply levels and migration trends continued to drive differences among individual markets recovery pace.

While most capitals and rest of state regions are celebrating new highs, recovery in others have been more sluggish.

“Across Melbourne, only 12.9 per cent of suburbs had record highs in June,” Ezzy said.

“In Canberra, only eight markets were at peak, while just one suburb (Brighton) recorded new highs in Hobart.

“Despite home values trending higher through much of most of 2025, values across these broader regions remain 3.9 per cent, 5.3 per cent and 10.2 per cent below their 2022 peaks.

“While this might be received as bad news for homeowners, prospective buyers in these markets are in the position to access housing at prices lower than they were three years ago.”