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Price movements
Upward trend continues despite difficult rate environment
The RBA's decision to lift the cash rates by 25 basis points adds fresh uncertainty to the outlook. However, with construction activity still well below what's needed to meet population growth, and supply of new homes constrained further by rising costs, any moderation in demand is unlikely to translate into broad price falls.
Listings activity
Stronger listing environment reflects possible uncertainty surrounding tax reform
Buyers have more choice than at any point in the last two years, but the durability of improved supply will depend on how vendor sentiment holds as the economic outlook becomes increasingly uncertain.
Open home attendance
Open home attendance continues its 2026 steady decline
After two rate rises in February and March, buyer enthusiasm has softened materially through the autumn period. Elevated fuel prices, weaker consumer sentiment and broader global uncertainty have all weighed on the willingness of buyers to actively engage with the market.
