Capital city dwelling values, auction clearance, rental vacancy and yields. Figures are indicative and updated monthly.
Last updated 27 August 2026
RBA cash rate: Reserve Bank of Australia · as at 27 Aug 2026 · awaiting update. Median values, clearance, vacancy and yields: Australian Property Intelligence · modelled, indicative only.
Sorted by median house value
| 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% |
| Canberra | $1,014,000 | $592,000 | -0.1% | +0.8% | 61.3% | 2.3% |
| Hobart | $712,000 | $528,000 | -0.2% | -1.4% | 54.7% | 1.7% |
| Darwin | $618,000 | $398,000 | +0.5% | +7.2% | 48.9% | 1.1% |
| Gold Coast | $1,186,000 | $892,000 | +0.3% | +7.9% | 57.4% | 0.9% |
Selected series
Source: ABS Building Approvals 8731.0 · 2026 figure annualised from January–July data.
Source: ABS National, state and territory population
Source: ABS Lending Indicators 5601.0
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?
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.
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.
Adelaide continues to record the lowest advertised stock per capita of any mainland capital.
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.
Melbourne has spent four years underperforming the national index. The reasons are structural rather than cyclical, and they explain why rate cuts have had less effect here than anywhere else.