Australia’s housing market continues its upward momentum, with national mean dwelling values now surpassing the $1 million milestone for the first time. As highlighted by the Australian Bureau of Statistics’ latest figures, this achievement reflects a 0.7% rise over the quarter and a solid 5.9% increase over the past year. Queensland is leading the charge, emerging as one of the country’s standout performers. With strong migration, limited supply and growing demand, it has now become the nation’s second-most expensive state.

Further fuelling this is the RBA decision to cut the official cash rate to 3.85%. Now at its lowest level in over two years, decreased borrowing costs are already lifting buyer capacity and confidence. Indeed, research conducted by the RBA and University of Sydney indicates that a 0.25% cut is likely to lead to a 1.5 – 2% increase in average house prices over one to two years.

CoreLogic offers further perspective. Australia’s total residential real estate value now stands at $11.4 trillion, with capital city values rising by 0.5% over the 28 days to June 10th. This is in comparison to a 0.4% rise across regional Australia. And while properties are averaging 34 days on the market, discounting has eased slightly to 3.4%. Down from a recent high of 3.7%, it indicates steady buyer engagement. Newly advertised listings have also increased, and rental values rose modestly through May.

Here in the Noosa Hinterland, demand for prestige properties continues to strengthen. Now recognised as one of Queensland’s most desirable luxury real estate destinations, this reflects five years of growth and the post COVID shift toward lifestyle focused living. Buyers are in search of seclusion, sophistication and a profound connection with nature. Our beautiful Hinterland offers all three at a calibre that rivals the best in the country, which is wonderful to see.

At Hinternoosa, we have witnessed this firsthand. Three of our six off market sales so far this year have been in the $2 million+ price segment. However, supply remains tight, and we are actively sourcing luxury listings for buyers prepared to move quickly. Hinternoosa open-home attendance has soared by 64% month-on-month too, with 345 groups through in May. One standout property sold for $102,000 over the asking price, attracting 11 offers from 49 groups through in eight days.

We are so proud of the unique Hinternoosa experience that blends local expertise with genuine care. Underpinned by 36 years of dedicated service and community passion, our team stands ready to help you navigate your next chapter.