Insights

Insights

Source: Corelogic 2025

May 2025

The May Home Value Index (HVI) has been released with all the latest must-know property market metrics, including:

• The overall value of residential housing was estimated at $11.3 trillion at the end of April 2025.
• Nationally, home values moved through a third straight month of growth, up 0.3% in April to be 1.1% higher over the rolling quarter and 3.2% higher over the past 12 months – the slowest annual gain in the national index since August 2023.
• Annual gains across the capital cities were bookended by Perth (+10.0%) and Melbourne (-2.2%).
• Regional markets saw a stronger annual gain, up 5.3% across the combined regionals index compared with a 2.6% rise across the combined capitals.  Regional WA (+13.2%) and Regional SA (+12.9%) stood out with the highest annual gains.
• CoreLogic estimates there were 525,313 home sales over the past 12 months, 2.7% higher year on year, but the lowest annual sales estimate in nine months.
• Vendor metrics have softened over the past year, with the median time on market rising from 27 days a year ago to 33 days over the three months ending April. Similarly, discounting rates have extended from 3.3% a year ago to 3.5%.
• Rents continue to rise, however, at 3.6% nationally, the annual change rents was the slowest since March 2021.