Prices ease in Mel/Syd
Housing price rose 0.7 per cent in March 2026 according to Cotality, but with prices down a little in Sydney and Melbourne.
Quarterly prices were up by 2.1 per cent, to be 9.9 per cent higher over the year.
Prices in Perth and Brisbane continued to power on.
Source: Cotality
The decline for the largest two capital was driven by detached houses in Sydney (-0.3 per cent) and Melbourne (-0.3 per cent), but with unit prices still in positive territory.
The price declines were driven by the most affluent areas, such as Melbourne's east and south-east, and for houses in Sydney's eastern suburbs and north shore.
However, properties in the lowest price quartile as still performing relatively well.
Source: Cotality
Meanwhile, the rental market saw rental prices rise 2.1 per cent over the quarter, for the fastest increase since May 2024.
It look as though the rental market is re-accelerating still.
Source: Cotality
Cotality noted that a sustained lift in housing supply looks unlikely with high materials and labour costs, while rising interest rates hamper feasibility further.
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