Perth and Brisbane lead weekly growth, while Sydney and Melbourne stall
Australian capital city home values showed mixed results in the week ending 18 January, with Perth posting the strongest weekly gain at 0.4%, followed by Brisbane at 0.3%, according to data from Cotality’s Property Market Indicator Summary.
Sydney and Melbourne were flat at 0.0% for the week, while Adelaide recorded a 0.3% increase. Combined capitals posted a modest 0.2% weekly rise, while regional areas slightly outperformed, with values up 0.8% over the 28-day rolling period.
Annual growth remains firm
Despite signs of moderation, annual home value growth remained strong across most markets. Perth led the capital cities with a 17.0% rise over 12 months, followed by Brisbane at 15.1% and Adelaide at 9.6%.
Sydney recorded annual growth of 6.2%, while Melbourne showed the weakest performance among the major capitals at 5.0%. Combined capitals rose 8.7% over the year, with the median Australian dwelling value reaching about $900,000.
NAB’s Housing Monitor reported last week that national dwelling prices increased 8.6% over 2025, with December posting a monthly gain of 0.5%.
Listings fall to multi-year lows
The number of properties advertised for sale fell sharply across the capital cities. Over the four weeks to 18 January, combined capitals recorded 11,314 new listings and 50,029 total listings.
New listings were down 9.1% from a year earlier, while total listings fell 20.9% year on year. Perth recorded the steepest decline in new listings, down 26.8%, with total listings falling 39.6%.
Melbourne saw new listings increase 1.8% and total listings fall 16.8%. Hobart recorded declines of 18.4% in new listings and 33.4% in total listings.
Rental market remains under pressure
The rental market remained tight through late 2025, with national rents rising 5.2% over the year. Combined capitals recorded a median rent of $711, up 4.8% annually, while regional areas saw rents increase up to 6.2% to $688.
Rental listings across the combined capitals over the four weeks to 18 January totalled 4,526 new listings and 10,141 total listings, down 7.6% and 17.7%, respectively, from a year earlier.
NAB data last week showed vacancy rates hovering near historic lows at about 1.6%, with advertised rents rising 5.9% on a six-month annualised basis in December. Darwin recorded the strongest annual rent growth at 8.2%, while Melbourne posted the weakest increase at 2.9%.
