DOUBLE-DIGIT HOUSE PRICE GROWTH ARRIVES AHEAD OF EXPECTATIONS
Australia’s housing market defies forecasts as prices surge past pandemic-era benchmarks.
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Australian house prices are surging again, delivering double-digit annual growth months ahead of schedule.
Nationally, the median house price climbed 1.1 per cent in October to $940,000, lifting annual growth to 10.6 per cent, the first double-digit increase since the 2021–22 property boom.
Market Resilience Surprises Analysts
The acceleration comes earlier than expected, according to Ray White Group Chief Economist Nerida Conisbee, who says the milestone was originally forecast for the end of the year.
“Stronger-than-expected October gains and continued tight supply across most markets have pushed growth ahead of schedule,” Conisbee said. “This shows how resilient demand has remained through spring.”
Perth (+14.8 per cent), Brisbane (+12.5 per cent) and Adelaide (+10.8 per cent) continue to lead the charge among capital cities, while Sydney (+8.6 per cent) and Melbourne (+6.5 per cent) show steady, consistent increases.
Regional Markets Extend Their Lead
Beyond the capitals, regional Australia is powering ahead, particularly in the resource states.
Regional Western Australia jumped 16.4 per cent year-on-year, and regional Queensland followed close behind at 14.5 per cent, as population growth and affordability continue to drive demand.
Units Outperform Houses
Unit prices rose even more sharply in October, up 1.4 per cent to $710,000, marking 9.2 per cent annual growth. Conisbee said affordability pressures, new first home buyer incentives, and a lack of available stock are pushing more buyers into the apartment market.
“Units are now seeing stronger monthly gains than houses, reflecting both affordability constraints and renewed first-home-buyer activity,” she said.
The biggest monthly jumps were in Perth (+1.6 per cent), Adelaide (+1.5 per cent), and Brisbane (+1.4 per cent). Melbourne’s unit market also firmed, up 1.6 per cent, as buyers returned to lower price brackets.
Spring Demand Defies Higher Listings
Despite an influx of spring listings, new stock has failed to match the intensity of buyer demand. Nationally, house prices have now risen every month since February, and unit prices every month since March.
“The pace of growth shows demand hasn’t been dampened by higher supply,” Conisbee said.
Outlook: Steady Growth Into 2026
The data comes as the Reserve Bank prepares for its Melbourne Cup Day meeting, where rates are expected to remain on hold at 3.6 per cent.
With inflation easing only gradually and unemployment sitting around 4.5 per cent, analysts expect monetary policy to stay steady for now.
Ray White’s forecast suggests 2025 will close with high single- to low double-digit annual growth nationally, with smaller capitals and regional areas tipped to outperform well into 2026.
Australia’s housing market defies forecasts as prices surge past pandemic-era benchmarks.
Records keep falling in 2025 as harbourfront, beachfront and blue-chip estates crowd the top of the market.
A 250-hectare beachfront vineyard, distillery and resort on Tasmania’s East Coast has been listed for sale, marking one of the most significant lifestyle and tourism opportunities to emerge in the State in years.
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A landmark coastal property on Tasmania’s East Coast has hit the market, with expectations of more than $20 million for the fully integrated vineyard, distillery and hospitality estate.
White Sands Estate, set across 250 hectares at Four Mile Creek, is being offered by owner-operator John White through Tom Ryan of Knight Frank and Josh Hart of McGrath.
It represents one of the largest privately owned coastal holdings on the East Coast, a region increasingly favoured by both domestic and international investors seeking long-term tourism and lifestyle assets.
The property’s credentials are formidable. It encompasses an operating brewery, distillery and vineyard with a cellar door and tasting room housed within a 3,254-square-metre two-level complex.
Accommodation includes 19 self-contained villas and larger group lodges, alongside multiple event spaces catering to weddings, conferences and corporate retreats. The estate also features manicured lawns, gardens and beachfront event locations with direct private access to Four Mile Creek beach.
Located along the Tasman Highway between St Helens and Bicheno, White Sands occupies a prime position on the East Coast tourism trail, within easy reach of Freycinet National Park, Douglas Apsley and Maria Island. It’s about 90 minutes’ drive from Launceston, making it an accessible yet secluded escape that draws consistent visitor traffic year-round.
Knight Frank’s Tom Ryan said the property’s combination of operational success, large-scale infrastructure and future potential made it an exceptional offering. “An opportunity of this scale simply doesn’t come to the market,” he said.
“We expect strong interest from both domestic and international investors, particularly given the global profile White Sands Estate has developed.”
While already operating as a successful hospitality and tourism venture, the property also offers significant potential for expansion.
“The large-scale site offers multiple future development pathways,” Ryan added. “That includes eco-tourism, resort or residential projects, as well as expanded events and commercial operations.”
McGrath’s Josh Hart echoed that sentiment, describing the listing as a “once-in-a-generation opportunity to secure a fully operational coastal agritourism and lifestyle asset in a tightly held pocket of the East Coast.”
“It occupies a rare stretch of coastline with direct beach access and sweeping ocean views,” Hart said.
“This region benefits from strong year-round visitation linked to nearby icons such as Freycinet and Wineglass Bay, and there are very few large-scale holdings of this nature remaining.”
The East Coast of Tasmania has long been a magnet for tourism investment, prized for its dramatic coastal scenery, growing food and wine culture, and consistent visitor growth.
With strong domestic demand and increasing international visibility, assets like White Sands Estate are becoming increasingly scarce, and increasingly valuable.
The Expressions of Interest campaign for White Sands Estate closes at 2pm AEDT on Thursday, November 20.
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