“Sales in the three months to October 2025 were 8.1% higher compared to the previous quarter, 24.2% higher compared to the same quarter in the previous year and at its highest level since the August quarter 2022,” Reardon noted.
Economists attribute the recent strength to the Reserve Bank’s monetary policy adjustments.
“The three cuts to the cash rate have supported market confidence, particularly in the lagging detached housing markets of Sydney and Melbourne,” the economist said. “Supporting factors include favourable employment conditions and inbound migration. This is further supported by low levels of unemployment, strong population growth and rising established home prices.”
Mixed regional performance
The strongest regional performer was Queensland, which recorded a monthly increase. The other major states experienced declines, with Victoria registering the most pronounced contraction, trailed by South Australia, Western Australia and New South Wales, respectively.
Recovery in the previously sluggish markets of New South Wales and Victoria has gathered pace.
