MarketsBreakingMelbourne listings rise as spring selling season begins
More than 41,000 dwellings are advertised for sale across Greater Melbourne, the highest August total in eleven years, without a corresponding fall in clearance rates.
MarketsGEN Z WON’T OWN HOMES. NOW THEY CAN’T EVEN AFFORD TO RENT.
Australia told Gen Z that renting was the price they had to pay for being locked out of homeownership. Now rents are surging, wages are falling behind and young Australians are being priced out of the last stable housing option they had left. Are we creating the country’s first generation without a secure place to live?
Perth rental vacancy falls to 0.8 per cent
Advertised rents in Perth are 7.1 per cent higher over the year, the fastest of any capital.
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Affordability & Finance
What does it cost to borrow, and who can afford to buy?
Capital city markets
Median dwelling values, clearance and yields
| Market | Median house | Median unit | Month | Year | Clearance | Vacancy |
|---|---|---|---|---|---|---|
| Sydney | $1,642,000 | $843,000 | +0.3% | +4.1% | 67.4% | 1.4% |
| Melbourne | $1,042,000 | $782,000 | -0.4% | +1.2% | 64.1% | 1.9% |
| Brisbane | $1,128,000 | $704,000 | +0.4% | +8.6% | 62.8% | 1.0% |
| Perth | $942,000 | $586,000 | +0.6% | +9.4% | 59.2% | 0.8% |
| Adelaide | $894,000 | $552,000 | +0.2% | +6.7% | 66.0% | 0.9% |
| National | $1,004,000 | $706,000 | +0.2% | +4.8% | 63.6% | 1.3% |
Source: ABS Building Approvals 8731.0 · 2026 figure annualised from January–July data.
Supply & Development
How many homes are actually being delivered, and where?
Suburb Signals
What has actually changed in this market?
ResidentialBrief
Perth rental vacancy falls to 0.8 per cent
Advertised rents in Perth are 7.1 per cent higher over the year, the fastest of any capital.
Amara Okafor/
Markets
Melbourne listings rise as spring selling season begins
Melbourne enters spring with the deepest pool of stock of any capital city. Agents report vendors are pricing to meet the market rather than testing it, keeping clearance rates stable even as choice widens.
Eleanor Hale/
MarketsBrief
Sydney clearance rates hold above 65 per cent for a tenth week
Sydney's clearance rate of 67.4 per cent is the highest of the capitals and has now held above 65 per cent since mid-June.
Eleanor Hale/
MarketsBrief
Adelaide listings remain at record lows
Adelaide continues to record the lowest advertised stock per capita of any mainland capital.
Amara Okafor/
Unusual movements
- Perth vacancy sits at 0.8%
Rental conditions materially tighter than a balanced market, which normally means rent growth and fast letting.
- Adelaide vacancy sits at 0.9%
Rental conditions materially tighter than a balanced market, which normally means rent growth and fast letting.
- Brisbane vacancy sits at 1.0%
Rental conditions materially tighter than a balanced market, which normally means rent growth and fast letting.
- Brisbane days on market at 24
Stock is clearing quickly — less negotiating room for buyers.
- Perth days on market at 18
Stock is clearing quickly — less negotiating room for buyers.
Buyer / Investor Reality
What does owning this property really cost?
Markets
GEN Z WON’T OWN HOMES. NOW THEY CAN’T EVEN AFFORD TO RENT.
Australia told Gen Z that renting was the price they had to pay for being locked out of homeownership. Now rents are surging, wages are falling behind and young Australians are being priced out of the last stable housing option they had left. Are we creating the country’s first generation without a secure place to live?
Tom Brennan/
Latest
Across all four pillars
Markets
GEN Z WON’T OWN HOMES. NOW THEY CAN’T EVEN AFFORD TO RENT.
Australia told Gen Z that renting was the price they had to pay for being locked out of homeownership. Now rents are surging, wages are falling behind and young Australians are being priced out of the last stable housing option they had left. Are we creating the country’s first generation without a secure place to live?
Tom Brennan/
ResidentialBrief
Perth rental vacancy falls to 0.8 per cent
Advertised rents in Perth are 7.1 per cent higher over the year, the fastest of any capital.
Amara Okafor/
Markets
Melbourne listings rise as spring selling season begins
Melbourne enters spring with the deepest pool of stock of any capital city. Agents report vendors are pricing to meet the market rather than testing it, keeping clearance rates stable even as choice widens.
Eleanor Hale/
MarketsBrief
Sydney clearance rates hold above 65 per cent for a tenth week
Sydney's clearance rate of 67.4 per cent is the highest of the capitals and has now held above 65 per cent since mid-June.
Eleanor Hale/
MarketsBrief
Adelaide listings remain at record lows
Adelaide continues to record the lowest advertised stock per capita of any mainland capital.
Amara Okafor/
Markets
Brisbane house prices continue to outperform southern capitals
Interstate migration has slowed from its 2023 peak but remains net positive, and Brisbane's rental vacancy rate of 1.0 per cent continues to push renters into ownership earlier than in the southern capitals.
Eleanor Hale/
DevelopmentAnalysis
Australia's apartment shortage is becoming a construction problem
Builders are declining work that would have been taken without hesitation five years ago. Fixed-price contracts, insolvency risk and a thin subcontractor market are converting a planning problem into a delivery problem.
Tom Brennan/
ResidentialBrief
Regional Victoria values turn positive for the first time since 2023
Regional Victoria's two-year decline has ended, led by markets within commuting distance of Melbourne.
Eleanor Hale/