Residential
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Price movements
Uncertainty weighs on buyer and seller sentiment
The national median house price has reached $1.03 million, holding at the milestone first crossed in late 2025 and recording no growth over the month. Units sit at $753,000, up 0.3 per cent for the month and 7.3 per cent over the year.
Open home attendance
Open home attendance per inspection reached 2.43
The 2026 trajectory reflects the cumulative effect of three rate rises on buyer confidence and capacity. Each increase has reduced what buyers can borrow, and the Federal Budget’s announcements around negative gearing and CGT have added a further layer of uncertainty.
