Australian housing prices reached a new peak in June 2025, continuing a five-month upward trend driven by recent interest rate cuts by the Reserve Bank of Australia (RBA). The rise in home values has further widened the affordability gap, particularly in Sydney, where prices have surged beyond the national average. This escalation in housing costs has heightened challenges for prospective buyers, especially younger Australians attempting to enter the market. Older Australians have been called upon to offer advice to younger generations facing this difficult housing landscape. The Labor government has announced plans to increase housing supply in response to the ongoing strain in the market. Analysts and property experts predict that several Australian cities will experience further price surges as the effects of the RBA's monetary policy adjustments continue to influence the market.