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Cotality’s ‘Monthly Housing Chart Pack’ for July has revealed that close to 45 per cent of analysed suburbs across Australia are currently at a record-high value.
The company analysed 3,722 suburbs across the nation and showed that values across 44.8 per cent of the surveyed markets were sitting at a peak at the end of June.
Cotality’s economist Kaytlin Ezzy said the data showed the full extent of the housing market’s recovery during Q2 2025.
“While national indices provide a macro view, suburb-level data shows how widespread this growth phase really is,” Ezzy said.
Although Cotality said the majority of suburbs nationwide were not currently at a record high, data showed that values across 329 suburbs were within 0.5 per cent of their previous peak.
Following a 0.6 per cent increase in national dwelling values in June, Cotality has forecast that more suburbs will climb beyond their peak values in the coming months.
The analysis showed that the less populated states recorded a higher proportion of suburbs at record highs, with markets in Queensland and Western Australia leading at the end of June.
Brisbane and regional Queensland recorded the highest share of suburbs at record highs, with 78.8 per cent and 77.7 per cent of markets, respectively, at peak for dwelling values at the end of June.
Across Western Australia, Perth recorded 74.8 per cent of markets at record highs, while regional areas only saw 53.6 per cent of suburbs at their peak for housing values.
Off the top of the broad-based growth across the nation, Cotality’s data showed that dwelling values in Sydney, Perth, Adelaide, and Darwin are now at record highs, while other markets across the nation are still recovering.
“Several cities – including Sydney, Perth, Adelaide and now Darwin – have returned to peak, while others are still making up ground,” she said.
Ezzy said that various housing supply levels and migration trends have led to diverging performance across Australia’s multi-speed markets.
“Across Melbourne, only 12.9 per cent of suburbs saw record highs in June. In Canberra, only eight markets were at peak, while just one suburb (Brighton) recorded new highs in Hobart,” she said.
She said that despite showing signs of recovery, property values in Melbourne, Canberra, and Hobart markets remained on average between 3.9 and 10.2 per cent below their peak values of 2022.
“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,” she concluded.