Australia’s property growth increases & residential rental vacancies rise
Australia’s property growth increases & residential rental vacancies rise
A rise in Australian home values by 1.1% was recorded in October, the fastest monthly gain since June 2023, elevating the national annual growth rate to 6.1%.
The acceleration is due to supply and demand imbalance, with national home sales tracking 3.1% above average and advertised supply 18% below average.
Growth is strongest in the middle 1.4% and lower 1.2% price quartiles, likely helped along by the expanded 5% deposit guarantee scheme which was recently introduced.
Leading economists are no longer forecasting rate cuts in 2025 following the third quarter inflation figures which shocked many, by removing future borrowing capacity increases.
Australia’s national residential rental vacancy rate remained steady at 1.2% in October 2025, unchanged from September.
The total number of residential vacancies rose slightly to 36,152 dwellings, up 106 from the previous month, suggesting that while rental market conditions remain tight, some cities are showing early signs of easing pressures.