Australia’s property market has continued its relentless ascent, with new analysis revealing staggering double-digit growth across dozens of suburbs and regional towns in 2025.
Exclusive PropTrack analysis reveals home prices surged by over 40 per cent in Australia’s top-performing markets in the past year, while an impressive 99 markets recorded growth of 30 per cent or higher, adding hundreds of thousands of dollars to property values and reshaping the financial landscape for homeowners.
A further 3224 suburbs experiencing price increases exceeding 10 per cent.
In total, 4793 locations recorded some price growth in 2025.
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Western Australia’s Rangeway led the nation, with house prices surging by $120,545 – from $281,455 to $402,000 – an extraordinary 43 per cent increase.
In the NT, Gray in Darwin experienced a 40 per cent jump, with houses now selling for $564,000, up from $402,816 a year prior.
The unit market in Harristown, QLD, alongside housing markets in Moulden, NT, and Spalding in WA, jointly secured third place, each recording a substantial 39 per cent price increase.
Across the states, Victoria’s top-performing market was Wheelers Hill in Melbourne’s southeast, where units are now nearing the $1 million mark after a 36 per cent price growth over the past year.
The ACT saw Whitlam’s house prices climb by 35 per cent.
It’s been a big year for sellers: 4793 suburbs and town recorded property price growth in 2025. William Brice, who is currently selling his Queensland home, is hoping for an equally strong success in the year ahead. Picture: Richard Walker
In NSW, Miller took the lead for unit price growth in 2025, with values in the Sydney suburb increasing 34 per cent year-on-year, from $563,218 to $755,000.
South Australia’s Port Augusta recorded a 26 per cent rise in house prices, now averaging $300,000.
Tasmania’s Acton also saw significant gains, with house prices jumping 24 per cent over 12 months, from $400,331 to $444,000.
Affordability and investors fuel the boom
PropTrack economist Anne Flaherty noted that the majority of these rapidly growing suburbs were more affordable areas, particularly those with prices below $800,000.
“Affordability is driving more people to cheaper suburbs,” she explained.
She attributed the heightened demand for more affordable real estate partly to increased activity from investors, who often target units in some of the cheapest capital city suburbs.
These investors have frequently found themselves in competition with first-home buyers, who have been supported since October by the expanded First Home Guarantee Scheme.
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51 Scott Road in Rangeway - Australia’s top suburbs for price growth – sold for $415,000 in November, 2025. Source: Realestate.com.au
This initiative allows eligible buyers to purchase properties with deposits as low as 5 per cent, bypassing the need for costly lender’s mortgage insurance.
Ms Flaherty highlighted that many properties affordable enough to fall within the price caps for this first-home buyer support are the same areas attracting investor interest.
“Investors have been coming back into the market looking for long-term growth. It’s quite clear that we have a housing shortage that will take a while to correct,” she said.
“Investors are seeing that population growth is strong and we are not building enough, plus there have been interest rate cuts, so there has been an expectation of long-term (value) growth.”
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72 Essington Ave, Gray, NT sold for $520,000 in October 2025. Source: Realestate.com.au
Darwin serves as a “classic example” of investor influence, according to Ms Flaherty.
“New loans to investors have doubled year on year,” she revealed.
“Often the investors targeting Darwin want high yields, but it is speculative to some degree as all investment activity is. People are making decisions based on what will happen long-term.”
Future outlook: Shifting sands of affordability
Looking ahead, Ms Flaherty cautioned that many of the top growth markets of 2025 are unlikely to sustain their rapid pace in 2026, as buyer demand may taper off with continued price increases.
Instead, buyers are expected to gravitate towards new suburbs offering perceived better value, with the focus on affordability continually shifting.
“It’s complex,” she conceded.
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PropTrack economist Anne Flaherty believes the majority of the fastest growing suburbs around the country were more affordable areas, especially those with prices below $800,000.
“Price growth can continue in very competitive markets because buyers who have been outbid or see very stiff competition are more likely to stretch budgets and offer more than they would have originally planned. But you can get markets reaching a huge level where they are no longer as affordable any more.
“We have seen cases of prices increasing ($200,000) in a year and as these areas become less affordable, there are less buyers.”
Ms Flaherty concluded that the First Home Guarantee Scheme will remain a key driver of demand throughout 2026, ensuring strong performance for suburbs that fall within the scheme’s price caps in each state.
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