property
Hawthorn House Prices Jump 5.8% in Q2, Beating Last Year's 3.4%
Median house prices in Hawthorn climbed 5.8 percent from April through June, outpacing the 3.4 percent rise recorded in the same months of 2025.
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How we reported this
Hawthorn homes posted stronger quarterly gains this year than last. Median prices reached $1.92 million for the three months to June 30, according to the Hawthorn Property Index released this week.
The faster pace matters because mortgage rates have held steady near 5.75 percent since March, yet buyer demand has not cooled. Local agents report contracts exchanging 12 days faster on average than in the second quarter of 2025, signalling that inventory remains tight despite more listings coming online.
Activity concentrated along Lennox Street and around the Hawthorn Community Centre. Detached homes on Lennox Street cleared at an average $2.15 million, while units near the centre traded between $685,000 and $820,000. Both pockets drew first-home buyers using the local council’s shared-equity scheme launched in late 2025.
CoreLogic figures show 187 properties sold in Hawthorn during the quarter, up from 162 a year earlier. The clearance rate hit 78 percent, compared with 71 percent in the corresponding period of 2025. Auction results on 14 July this year included a three-bedroom weatherboard on Burwood Road that fetched $1.78 million after 14 bids.
Buyer and Seller Considerations
Sellers who listed before the end of June captured most of the quarterly uplift. Properties that remain on the market into August face renewed competition from new stock expected after school holidays. Buyers are advised to secure pre-approval before inspecting homes on Church Street or near Hawthorn Gardens, where stock is forecast to rise by 22 listings next month.
Inspectors note that properties needing minor updates still attract multiple offers when priced within 3 percent of recent comparables. Those seeking longer settlement terms should target auctions scheduled after 1 September, when more vendors are expected to accept flexible conditions to meet spring targets.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.