@realty Achieves Another Outstanding Month with Over $431 Million in Sales Across Australia & New Zealand
@realty has continued its strong momentum, recording an impressive $431,144,386 in property sales across Australia and New Zealand during May. This outstanding result reflects the dedication of our agents and the ongoing confidence buyers and sellers have in the property market.
National Property Market Remains Stable
Australia’s housing market remained relatively stable throughout May, with national home values easing by a marginal 0.04%, following a modest 0.1% decline in April. While price movements varied across the country, overall market conditions remain resilient.
The combined capital cities recorded a slight decline of 0.1%, while regional markets continued to outperform, posting 0.2% growth month-on-month, although this was the slowest pace of regional growth since 2023.
Sydney and Melbourne Experience Modest Softening
Sydney and Melbourne both recorded a 0.2% decline in home values during May, marking their third consecutive month of price falls. Despite this trend, the declines remain relatively modest, with property values in both cities sitting just 1.2% below their March levels.
The softer conditions are largely attributed to the impact of consecutive interest rate rises, which have begun to weigh on buyer activity and affordability.
Perth’s Remarkable Growth Begins to Moderate
Perth experienced a slight 0.1% decline in May, signalling a moderation following one of the strongest growth periods in the country throughout 2025. While this represents Perth’s first monthly decline since late 2024, the market remains exceptionally strong, with property values still sitting 20.6% higher than a year ago.
Adelaide and Darwin Lead Capital City Growth
Adelaide and Darwin were the strongest-performing capital cities in May, both recording 0.3% growth. However, even these markets are showing signs of slowing compared to the rapid growth experienced throughout 2025 and into early 2026.
Brisbane and Adelaide also recorded their slowest monthly growth rates since late 2022 and early 2023, highlighting a broader cooling trend across the nation.
Market Outlook for the Remainder of 2026
The Australian housing market appears to have entered a period of consolidation following the strong gains of recent years. With at least one additional interest rate rise anticipated in 2026 and some reduction in investor demand following the Federal Budget, market conditions are expected to remain relatively subdued in the coming months.
However, significant price corrections remain unlikely. Several factors continue to support housing values, including:
- A resilient labour market.
- Strong household equity positions.
- Limited levels of forced selling.
- Ongoing housing supply shortages.
- Elevated construction costs restricting new housing supply.
These underlying fundamentals should help provide a degree of stability across the market, even as growth moderates.
As the market adjusts to changing economic conditions, @realty agents continue to achieve exceptional results for their clients, with over $431 million in sales during May alone, demonstrating the strength of our network and the expertise of our agents across Australia and New Zealand.
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