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In this month’s Property Trio market update, Mike, Cate, and Dave unpack the latest September market figures — and there’s a lot to cover! 📊 

💥 Nationally, growth is back on track, with all capital cities in positive territory. Darwin leads the charge at 1.7% monthly growth, while Perth and Brisbane have regained strong momentum since the first rate cut in February. Hobart has just ticked into positive territory, and Dave notes we’re now deep into a broad national upswing. With three rate reductions already delivered and the chance of another early next year, the Trio remain positive about 2026. 

💬 Melbourne takes the spotlight as Cate shares insights from the ground that challenge the headline data. While median values suggest Melbourne is lagging, activity in the sub-$950K range is surging. This surge has been fuelled by the new deposit guarantee threshold and rising investor interest. The middle and lower quartiles are performing strongly, even as the top end remains subdued. 

 📈 Regional markets are holding firm, led by WA, SA and Queensland, with continued investor activity in Geelong and Ballarat. Cate reports fierce competition in Victoria’s regions, a reminder that data can miss the true pace of local markets.

🔥 Darwin dominates Cotality’s “Chart of the Month”, with double-digit growth since February, while Sydney’s blue-chip Milsons Point and Kirribilli recorded the steepest declines. 

🏠 Meanwhile, rents continue to surge, with Darwin and Hobart leading gains. Vacancy rates remain critically low — just 0.4% in Hobart and 1.8% in Melbourne — signalling an ongoing rental crisis driven by housing shortages and a struggling construction sector. 

🔨 Builder insolvencies remain high and trade shortages are worsening, pushing up costs and limiting new housing supply. As Mike notes, it’s still cheaper to buy established than build — and that gap isn’t closing soon. 

💰 Consumer sentiment has dipped, but expectations for price growth are at a 15-year high — proof that optimism (and FOMO) are alive and well.  🎧 Tune in as the Trio decode the data, share their local insights, and explore what’s next for Australia’s property market.

Shownotes: https://www.propertytrio.com.au/2025/10/20/ep-332-september-2025-market-update/