Australian house prices hit new peak for 2025 as rate cut drives buyer demand

Tougher conditions for first home buyers - and renters, who are now often spending more than those with mortgages

• Get our breaking news email, free app or daily news podcast

National home prices in March hit a new peak for 2025 as February's rate cut reignited buyer demand, according to separate reports from Australia's leading property analytics companies.

Property values increased 0.4% over the month - the second consecutive month of growth in the national index, CoreLogic reported, after a brief three-month decline where values dipped 0.5%.

Sign up for Guardian Australia's breaking news email