Australia’s housing market is showing synchronised strength across every state and territory, with new data indicating rising or steady buyer demand in all major jurisdictions.
Research from Hotspotting’s latest Price Predictor Index shows all 14 key markets are either improving or holding steady, supported by ongoing sales activity, limited supply, and population growth.
Hotspotting Director Tim Graham said the findings point to a rare phase where the entire country is moving in the same direction.
“Our latest research points to broad-based strength across property markets nationwide, with buyer demand remaining elevated that has resulted in no ‘loser markets’ this edition,” he said.
“In fact, residential property markets throughout the nation are experiencing a level of buyer demand unprecedented in the decade that we have published the Price Predictor Index.”
Mr Graham said the current cycle reflects a shift in market conditions not seen for years.
“For the first time in a long time, we’re not seeing clear underperformers – strength is broad-based and demand is consistent across the country,” he said.
“Our latest research points to broad-based strength across property markets nationwide, with buyer demand remaining elevated that has resulted in no ‘loser markets’ this edition”
“There are no loser markets left. This is one of those rare moments where every jurisdiction is moving in the right direction.”
The report’s classification shows 10 of the 14 jurisdictions ranked as “winners”, with the remaining four assessed as steady. A year earlier, the balance included eight winners, four losers and two steady markets, marking a clear change in activity and sentiment.
Mr Graham said several underlying factors are driving the shift.
“We’re seeing the impact of record infrastructure spending, strong government incentives for first-home buyers, years of elevated migration and major population movement within Australia,” he said.
“These factors are creating real, sustained demand and not speculative spikes.”
Regional Victoria has emerged as one of the strongest areas. Sales volumes have increased from 9,848 to 13,299 over the past year, according to the index.
“Regional Victoria is pumping,” Mr Graham said.
“Sales activity is now higher than at the peak of the COVID19 boom, and 70 per cent of markets have positive classifications, which is a huge turnaround.”
The table shown in the report highlights Regional Victoria leading with around 70 per cent of markets classified as positive, followed by Melbourne at a similar level, while cities such as Sydney and Brisbane also show majority positive or steady readings.
PIPA Chair Cate Bakos said the data provides a clearer picture for buyers and investors.
“When every jurisdiction is showing positive or steady momentum, it tells us the fundamentals are doing the heavy lifting such as population growth, infrastructure investment, tight supply, and genuine buyer demand,” she said.
“This data is telling us that most markets are strengthening for real and structural reasons.”
Ms Bakos said Victoria’s performance marks a shift after several subdued years.
“The Victorian market is clearly entering a new phase,” she said.
“After several flat years, the data now shows sustained increases in sales activity across both Melbourne and the regions which is a shift in market dynamics.”
She said the nationwide consistency stands out.
“When you have every state and territory either rising or steady, it gives homebuyers and investors a level of confidence that we haven’t seen in years,” she said.
The Price Predictor Index tracks trends in sales volumes, which tend to move ahead of price changes, offering an early signal of market direction.
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