Property markets throughout Australia continue to show remarkable resilience, despite high interest rates and cost of living pressures, according to the latest Property Investment Professionals of Australia (PIPA) update.

The update says that despite the hurdles, Perth, Adelaide, and Brisbane are finishing the year with double-digit dwelling price growth, and that strength is likely to continue in 2025. It says Sydney prices have reached record highs although PIPA Chair Nicola McDougall says Melbourne’s market remains sluggish, as a result of anti-investor rental reforms.

Hotspotting Managing Director, Terry Ryder, says Queensland has been one of the best market performers over recent years and now leads the nation in overall real estate transactions, including purchases by both homebuyers and investors. While Rise High Investor, Director, Bryan Ong, says Adelaide’s market is continuing its upward trajectory.

Focus Property wealth Mortgage broker, Glenn Biggins, says Perth’s property market continues its impressive run, outperforming the rest of Australia in September, although there are emerging indicators that the Perth market may have peaked.