At the end of the 2024 financial year, the national property market had increased about 8%, however it was a vastly different story across the major Australia geographies. The solid growth figure was in the face of challenging economic conditions, with the ongoing supply issue being the material driver.

February saw national house prices rise 2.1% after huge activity in the Sydney and Melbourne markets after what was a subdued 2020 for the major capitals. The national market rise is the highest monthly growth in 17 years.