EP. 340 - Market Update November 2025

🎧 In this month’s Property Trio market update, Mike, Cate, and Dave unpack the latest November market figures.

💥 Nationally, growth has continued to sit above 1% for the third, consecutive month. Perth is the frontrunner, delivering a whopping 2.4% growth in just one month.

💬 The Trio discuss chat about the quartiles which have been impacted in the various cities, noting that Melbourne’s stronger mid-price performance could be due to the lower median prices when contrasted to other cities.

“Over the past three months, most of the state capitals have seen values across the lower quartile of the market rising the fastest. Melbourne, where housing affordability isn’t quite as stretched, is the one exception, with the city’s broad middle of the market is seeing the fastest lift in values.” (Cotality)

📈 Almost all cities and combined regions have eclipsed their last peak, but Hobart, Canberra, Melbourne, regional Vic and regional NT are still playing catch up.

🏠 Meanwhile, rents continue to grow across the board, with only Adelaide showing signs of rental easing. Could this be a leading indicator to suggest Adelaide is softening? Not on it’s own, but perhaps in tandem with other market indicators.

Pressure on rental yields is a hallmark of rising capital values, and the gross rental yields chart illustrates this well. Noting that Adelaide has moved down by ten basis points since last month, with Melbourne’s gross rental yield now overtaking the city of churches.

Listing numbers tell a good story – total property listings are significantly down, while new listings are mixed for the various cities. Nationally, new listings are down 11.3% for the month, and 5% for the year. However, total property listings are down 12.4% for the year. Brisbane, Perth and Adelaide continue to remain tight this month, while Darwin’s increase is particularly strong at +27.3%. The Trio canvas what the reasons for this might be.

💰 The conversation shifts to sentiment, inflation figures and interest rate movement, noting the impact that the last inflation announcement had on interest rate speculation.

The strong increase in investor lending doesn’t go unnoticed by the RBA, and the Trio compare the time of APRA’s 2015 -2019 credit intervention to today’s economic snapshot. Will tough macro-prudential changes be unveiled? And what is different about 2025? Tune in to find out…

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