June Property Market Update 2025 — The Gallery Real Estate

In May, the national vacancy rate steadied at 1.2%, remaining similar to April’s 1.3%. Sydney’s vacancy rate stayed stable at 1.5%, while Melbourne saw a slight increase to 1.7%. Brisbane experienced a tightening market, with vacancy rates dropping to 0.9%.

Rental prices averaged $649.18 nationally, showing a very small monthly decline of 0.1%, but an annual increase of 4.2%. Sydney’s average rent reached $854.69 per week, up 1.7% year-on-year.

The Reserve Bank of Australia reduced the official cash rate by 0.25% to 3.85%, continuing the downward trend amid signs of easing inflation pressures, which may influence borrowing and investment activity moving forward.