October 2025 Quarterly Property Report

  • User By Aus Investment Properties
  • 10 hours ago




Overview

October 2025 shows a mixed picture. The national average build price per m² eased to $2,387.33 per m², down -7.51% from $2,581.17 per m² in July. At a property type level, Dual Occupancy recorded the strongest average at $3,120.87 per m² and rose +7.27% on July, while Co-Living and House and Land were broadly flat to slightly lower. Variations by state were material, with VIC Dual Occupancy rising sharply and WA Co-Living also lifting.

Key National Statistics

Average build price (Oct 2025)

$2,387.33 per m²

Highest average by property type (Oct)

Dual Occupancy $3,120.87 per m²

Lowest average by property type (Oct)

Co-Living $2,260.23 per m²

Average build price (Jul 2025)

$2,581.17 per m²

October vs July

-7.51%

 


National comparison by property type

Property Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

SDA

$3,025.95

$2,771.04

-8.42%

House and Land

$2,374.22

$2,298.49

-3.19%

Co-Living

$2,263.14

$2,260.23

-0.13%

Dual Occupancy

$2,909.35

$3,120.87

+7.27%

Dual Key

$2,462.18

$2,648.28

+7.56%

Duplex

$2,602.79

$2,759.72

+6.03%

 


Average build price per square metre by region

The October 2025 dataset does not include a metro or regional indicator. This section is not available for October 2025. If you provide a column that flags Metro or Regional, we will populate the full comparison.

State-by-state breakdown

NSW

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

N/A

$2,599.25

N/A

Dual Key

N/A

$2,779.44

N/A

Dual Occupancy

N/A

$3,157.34

N/A

Duplex

N/A

$2,875.77

N/A

House and Land

N/A

$2,464.80

N/A

SDA

N/A

$3,085.83

N/A

 


NT

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

N/A

$2,741.94

N/A

House and Land

N/A

$2,810.15

N/A

SDA

N/A

$3,083.00

N/A

 


QLD

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

$2,281.70

$2,456.15

+7.65%

Dual Key

$2,465.55

$2,559.35

+3.80%

Dual Occupancy

$2,924.75

$2,593.49

-11.33%

Duplex

$2,610.30

$2,534.09

-2.92%

House and Land

$2,388.50

$2,468.47

+3.35%

SDA

$3,015.30

N/A

N/A

 

 

SA

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

N/A

$2,885.85

N/A

House and Land

N/A

$2,553.13

N/A

 


TAS

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

N/A

$2,999.55

N/A

Dual Key

N/A

$2,663.80

N/A

Dual Occupancy

N/A

$3,106.61

N/A

Duplex

N/A

$2,862.72

N/A

House and Land

N/A

$2,862.72

N/A

 


VIC

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

$2,245.65

$2,086.44

-7.09%

Dual Key

$2,453.10

$2,614.91

+6.60%

Dual Occupancy

$2,898.10

$3,654.88

+26.11%

Duplex

$2,585.90

$3,074.21

+18.88%

House and Land

$2,365.20

$2,267.41

-4.13%

SDA

$3,050.40

$2,942.86

-3.53%

 


WA

Type

Jul 2025 ($/m²)

Oct 2025 ($/m²)

% change

Co-Living

$2,240.85

$2,660.76

+18.74%

Dual Key

$2,449.80

$2,945.13

+20.22%

Dual Occupancy

$2,895.60

$2,806.77

-3.07%

Duplex

$2,589.10

N/A

N/A

House and Land

$2,358.40

$2,197.06

-6.84%

SDA

$2,998.70

$3,126.93

+4.28%

 


Commentary

• Headline movement: October’s national average slipped relative to July. This reflects a mix shift and some softer categories.

• Product dispersion: Dual Occupancy, Dual Key and Duplex showed firm gains nationally, consistent with investor demand for multi-income formats.

• State signals: VIC saw the largest product shifts, with strong gains in Dual Occupancy and Duplex. WA delivered solid gains in Co-Living and Dual Key. QLD was mixed.

• Data completeness: New states have been added this quarter. Where July baselines were not present, comparisons are omitted. Metro and regional splits were not available in the data provided.

Investor outlook

• Yield oriented designs: Dual Occupancy, Dual Key and Duplex offer attractive per m² profiles relative to achievable rents.

• Conservative budgeting: Lock in pricing where feasible, and allow for specification and compliance changes in regulated formats like SDA.

• State selection: Use state specific averages rather than national benchmarks when assessing feasibility.

• Next steps: Provide a Metro or Regional flag to incorporate location tiering and sharpen pricing guidance.



October 2025 confirms that headline averages have eased while several high utility formats have strengthened. Dual Occupancy, Dual Key and Duplex posted gains and remain attractive where design efficiency and builder capacity are sound. State outcomes diverged, so portfolio construction should prioritise state and product selection over a single national benchmark. 

Aus Investment Properties offers Australia's largest selection of off-market investment properties.  Please visit www.ausinvestmentproperties to search, research and secure your perfect investment property.



Source: Aus Investment Properties www.ausinvestmentproperties.com 

Image: Troy Mortier

 

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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