New report reveals why investors are flooding the Australian property market<\/a><\/p>\nPropTrack Home Price Index March 2026<\/p>\n
Region
\nMonthly growth
\nAnnual growth (%)
\nAnnual growth ($)\u00a0<\/p>\n
Median value ($)\u00a0<\/p>\n
Sydney
\n0.2
\n5.6
\n$91,800
\n$1,251,000<\/p>\n
Melbourne
\n0.2
\n3.2
\n$44,400
\n$859,000<\/p>\n
Brisbane
\n0.7
\n17.7
\n$172,200
\n$1,071,000<\/p>\n
Adelaide
\n0.4
\n14.6
\n$120,600
\n$937,000<\/p>\n
Perth
\n0.5
\n20.9
\n$187,900
\n$1,012,000<\/p>\n
Hobart
\n0.1
\n8.9
\n$64,200
\n$722,000<\/p>\n
Darwin
\n0.4
\n16.8
\n$95,500
\n$609,000<\/p>\n
ACT
\n0.2
\n4.5
\n$56,500
\n$880,000<\/p>\n
Capital Cities
\n0.3
\n8.8
\n$105,400
\n$1,016,000<\/p>\n
Rest of NSW
\n0.4
\n8.8
\n$63,500
\n$787,000<\/p>\n
Rest of Vic.
\n0.1
\n7.3
\n$48,600
\n$600,000<\/p>\n
Rest of Qld
\n0.6
\n14.1
\n$109,900
\n$822,000<\/p>\n
Rest of SA
\n0.6
\n12.2
\n$54,500
\n$504,000<\/p>\n
Rest of WA
\n0.2
\n15.9
\n$87,400
\n$636,000<\/p>\n
Rest of Tas.
\n0.2
\n11.6
\n$60,900
\n$572,000<\/p>\n
Rest of NT
\n0.2
\n2.5
\n$15,300
\n$350,000<\/p>\n
Regional Areas
\n0.4
\n11
\n$71,700
\n$715,000<\/p>\n
National
\n0.3
\n9.4
\n$94,800
\n$908,000<\/p>\n
Source: PropTrack<\/p>\n
Ms Creagh said the market was shifting into a slower-growth phase, with the likelihood of flat or declining prices in some markets in the months ahead \u2014 although supply shortages could cushion the falls.<\/p>\n
\u201cAnother interest rate rise, if delivered in May, and potentially another one or two in the second half of the year will put further pressure on borrowing capacity and buyer sentiment and demand,\u201d she said. \u201cThat will increase the likelihood of declining prices. <\/p>\n
![\"Homes](\"data:image\/svg+xml,%3Csvg)
<\/p>\n
PropTrack senior economist Eleanor Creagh says the market is notably slowing in Sydney, with clearance rates well down.<\/p>\n
\u201cBut, there are factors that could mitigate falls, such as the flow of new listings hitting the market. In 2022, when prices were falling and rates were rising, a lot of sellers held back from listing and the tight supply environment was one of the factors that cushioned price falls.\u201d<\/p>\n
Ms Creagh said many home owners were also sitting on strong equity gains, which could also soften any price declines.<\/p>\n
\u201cWe\u2019re unlikely to see widespread forced selling,\u201d she said. \u201cIf prices do fall, it\u2019s likely to be a moderate downturn.\u201d<\/p>\n
New research from the Mortgage & Finance Association of Australia (MFAA) reveals four in five mortgage holders are concerned about the financial outlook.<\/p>\n
The MFAA\u2019s latest Market Sentiment Survey of the Association\u2019s mortgage broker members shows rising rates, cost-of-living pressures, and increasing mortgage serviceability issues are putting pressure on households. <\/p>\n
<\/p>\n
Higher fuel prices are adding to pressure on household budgets. Picture: Caroline Tan.<\/p>\n
MFAA CEO Anja Pannek said the findings highlighted the increasingly fragmented nature of Australia\u2019s housing market. <\/p>\n
\u201cAustralia\u2019s housing market is no longer moving in a single direction,\u201d Ms Pannek said. \u201cWhat we are seeing is effectively a five-speed housing economy across key regions.\u201d <\/p>\n
Ms Pannek said borrowers across the country were experiencing very different conditions depending on where they lived. <\/p>\n
\u201cWe see strong optimism in some states, but there are supply constraints and affordability pressures in others, which will only be exacerbated by skyrocketing oil prices,\u201d she said.<\/p>\n
\u201cOngoing global uncertainty, conflict in the Middle East and inflation will likely add to borrower caution.\u201d <\/p>\n
Ray White chief economist Nerida Conisbee said higher interest rates and uncertainty were moderating price growth, but it might only be temporary.<\/p>\n
\u201cPeriods of heightened uncertainty tend to suppress activity rather than alter long-term demand,\u201d Ms Conisbee said.<\/p>\n
\u201cAs uncertainty lifts, delayed decisions are brought forward, supporting a recovery in transaction volumes. <\/p>\n
\u201cAt the same time, housing supply is becoming more constrained. Construction costs were already rising due to labour shortages, and materials costs are now increasing again, with supply chains under pressure. While prices are moderating due to higher interest rates, ongoing shortages and rising building costs are likely to create longer-term upward pressure.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Home prices hit a new record high in March, with Brisbane leading the gains. Home prices have hit…\n","protected":false},"author":2,"featured_media":577273,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-577272","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/577272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=577272"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/577272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/577273"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=577272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=577272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=577272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}