KPMG Residential Property Market Outlook

KPMG's forecast of the national dwelling market highlights the complexity of current market dynamics across different cities and property types.

KPMG now expects national house prices to rise 4.9 percent during 2025, up from our previous forecast of 3.3 percent, following the earlier-than-expected rate cuts that boosted buyer sentiment and turned around the subdued market conditions observed in the second half of 2024. In 2026, house prices are expected to grow at a more sustainable pace of 4.5 percent. We still maintain the view that unit prices are expected to rise faster than house prices as they offer a more affordable entry poi...

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Authors: Brendan Rynne, Brian Tran

Published Date: 02 September 2025