The Australian property market continues its longest uninterrupted growth cycle since 2015, driven by chronic undersupply and strong demand.
National Snapshot
- Combined capitals: +0.7% in January, +2.1% quarterly, +9.2% annually
- Including regionals: +0.8% monthly, +2.4% quarterly, +9.4% annually
- Sydney: Median now $1.76M, +6.4% annually
- Brisbane: +15.7% annually
- Adelaide: +9.7% annually
Perth Leading the Charge
- +2% in January
- +7% for the quarter
- +18.5% annually
- Median house price has officially surpassed $1,000,000
Perth remains one of the strongest performing markets in the country, supported by population growth (over 40,000 new arrivals in 2025), tight supply and continued buyer demand.
Rental Market
- National vacancy rate: 1.7% (well below the 10-year average of 2.5%)
- Rents up 5.4% annually, adding approx. $35 per week
- Over five years, rents have increased 42.4% nationally
Growth is expected to moderate through 2026, with affordability pressures and credit tightening likely to soften conditions. That said, ongoing supply shortages and resilient demand should support prices, making a slowdown more likely than any sharp correction. Perth remains incredibly buoyant, supply remains tight, rents are rising, and confidence is still strong — particularly in lifestyle-driven markets attracting interstate and international buyers.
With these updates, we hope this provides clarity, direction and confidence as you navigate the market ahead.
Cheers
Ryan
