Despite a softer property market across much of Australia, the @realty network continued to deliver outstanding results, with $430,409,172 in property transactions across Australia and New Zealand during June.
National home prices declined by 0.3% in June, marking the third consecutive month of price falls. Rising interest rates and changes to housing taxation announced in the 2026 Federal Budget have contributed to softer buyer demand, particularly across the capital cities.
Capital city home values fell by 0.4%, while regional markets once again demonstrated resilience, remaining at record highs and sitting 9.5% above this time last year.
Market Highlights
- Sydney and Perth recorded the largest monthly declines (-0.5%), followed by Melbourne and Canberra (-0.4%).
- Darwin was the only capital city to record growth during June (+0.2%).
- Despite recent falls, Australian home values remain 5.8% higher than a year ago, with the median home increasing by approximately $71,900 over the past 12 months.
- Perth (+17.1%), Darwin (+16.7%), Brisbane (+13.9%), and Adelaide (+11.9%) remain Australia’s strongest-performing capital city markets over the past year.
- Regional markets continue to outperform many metropolitan areas, led by Regional Western Australia (+16.9%), Regional Tasmania (+13.6%), Regional South Australia (+12.7%), and Regional Queensland (+11.5%).
Affordability pressures continue to shift buyer demand towards units, which have outperformed houses over the past 12 months. Unit values have increased 6.7% year-on-year, compared with 5.6% growth for houses, as buyers seek more affordable options.
Looking Ahead
While market conditions have softened, Australia’s property market fundamentals remain strong. Population growth, ongoing housing shortages, and resilient regional markets continue to provide long-term support for property values.
Although further interest rate movements and recent taxation changes may create some short-term uncertainty, buyer confidence is expected to improve once interest rates stabilise.
For agents, changing markets create new opportunities. Strong prospecting, consistent vendor communication, and the right technology become even more valuable when listings are harder to secure.
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