Australia’s property market continues to demonstrate resilience despite mixed signals across key metrics. Recent data provides a clear picture of where housing values are trending, how new property listings are evolving, and what this means for buyers moving forward.
National Trends: Steady Growth in Dwelling Values with Regional Divergence
National dwelling values rose by 1.3% over the quarter to May, matching the pace set in the previous three months. While this shows a continuation of growth, the annual increase has softened to 3.3%, the slowest pace since mid-2023. Over the past five years, however, housing values have surged by 42.8%.
Focusing on individual cities; Brisbane, Adelaide, and Perth are leading the charge, each posting annual growth rates above 7%, with Adelaide and Perth reaching 8.6%. In contrast, Melbourne recorded a -1.2% decline, while Sydney saw a modest 1.1% rise.
This national context highlights the importance of a localised strategy, especially in premium Sydney suburbs where buyer behaviour and property performance can differ from broader trends. While Sydney’s overall housing values rose just 1.1% over the past year, many prestige pockets within the Eastern Suburbs have outperformed this average. At Rose & Jones, our clients benefit from deep expertise in tightly held, high-performing areas in the Eastern Suburbs, Inner West and Lower North Shore Suburbs. These include Paddington, Woollahra, Bellevue Hill, Mosman, Neutral Bay, Balmain, Kirribilli, North Sydney, Double Bay, Rose Bay, Dulwich Hill and many more, where even modest market-wide growth can translate into strong individual opportunities.
New Property Listings Rebound, But Stock Remains Tight
One of the most important indicators in the current property market is supply, and that is where new property listings are the focus.
After a slow April impacted by long weekends and tariff uncertainty, May saw a rebound in listing activity. A total of 35,069 properties were newly listed for sale across Australia over the four weeks to 1st June, up 11.1% from April’s low. Even with this improvement, the total remains 7.0% below the same time last year and 1.9% under the five-year average.
More significantly, total listings are sitting at 133,725 properties, marking the lowest count for this time of year since 2007. This undersupply continues to underpin housing values, particularly in tightly held markets like Sydney’s Eastern Suburbs and Lower North Shore.
At Rose & Jones, we monitor stock levels daily and maintain close relationships with selling agents, giving our clients early access to off-market and pre-market opportunities that never hit the public portals.
Signs of Market Normalisation: Days on Market & Vendor Discounts
Despite tight stock, the buyer pool remains active, though there are signs the market is adjusting to more stable conditions. In May, the median number of days on market increased to 34 days, up from 30 days in April. This shift suggests buyers are being more selective and properties are taking slightly longer to sell, particularly in areas where vendors are still pricing ambitiously.
At the same time, vendor discounting has decreased slightly to 3.4%, indicating sellers are less inclined to negotiate heavily. For buyers, this means strong preparation, clear strategy, and confidence are key to securing quality properties.
At Rose & Jones, we ensure you’re auction-ready and negotiation-savvy, giving you the edge in a competitive field.
Clearance Rates and Buyer Sentiment
Another positive signal comes from the auction market. Across the capital cities, clearance rates rose to 65.3% over the four weeks to June 1st, up from 60.4% in early May.
In Sydney, the clearance rate reached 64.3%, while Brisbane saw a strong jump to 59.1%, reflecting renewed buyer confidence. This momentum suggests that well-presented, well-priced homes, especially in premium markets, are continuing to attract strong competition.
At Rose & Jones, we frequently assist clients with pre-auction due diligence, auction bidding, and post-auction negotiations, ensuring no opportunity is missed and no mistake is made..
What This Means For Buyers and Investors
Australia’s housing market is navigating a delicate balance between renewed momentum and structural tightness. While dwelling value growth has moderated, the lack of supply, reflected in suppressed new property listings and total stock, continues to support housing values in many markets.
For buyers, particularly those navigating competitive city markets or seeking lifestyle opportunities in the regions, this data reinforces the importance of acting strategically. With RBA interest rate cuts and strong rental demand still supporting yields, 2025 presents unique windows of opportunity for discerning purchasers.
Partner with Rose & Jones for Strategic Guidance in a Shifting Market
As the data shows, Australia’s property market remains dynamic, dwelling values continue to grow, housing values are holding firm in key capitals, and new property listings remain constrained. For buyers, this environment demands not just speed, but deep market insight and negotiation expertise. At Rose & Jones, we specialise in helping our clients navigate precisely these conditions. With a tailored, research-backed approach, we ensure you’re well-positioned to secure the right property at the right price, whether you’re upsizing, investing, or entering the market for the first time. If you’re ready to make your next move with confidence, partner with Rose & Jones today.
