AU Property Market Bulletin - April 2026
Official March 2026 data for Australia's property market: national house and unit values, auction activity, RBA cash rate, and Perth/Brisbane comparison points.
Headline Stat
Cotality's national home value index rose 0.7% in March 2026, taking national dwelling values 2.1% higher over Q1 2026. The national median house value was $1,019,392 and the national median unit value was $750,715. The RBA cash rate target is 4.10%, effective 18 March 2026.
Data Table
| Metric | March 2026 | MoM Change | YoY Change | Source |
|---|---|---|---|---|
| National median house price | $1,019,392 | +0.7% | +10.6% | Cotality |
| National median unit price | $750,715 | +0.8% | +7.3% | Cotality |
| Clearance rate (capital cities) | 60.9% preliminary | - | - | Cotality |
| RBA cash rate | 4.10% | +0.25 pp | 0.00 pp | RBA |
| Monthly transactions | - | - | - | ABS/Cotality |
| 30-day fixed mortgage rate (avg) | - | - | - | RBA/Canstar |
3 Key Market Signals
1) National values continued to rise in March, but at a slower quarterly pace than late 2025
Cotality recorded a 0.7% monthly rise in national dwelling values and a 2.1% lift over the March quarter. That was below the 2.8% quarterly increase recorded in Q4 2025. In the national medians, houses were at $1,019,392 and units were at $750,715. PropTrack also recorded a monthly rise in March, with national home prices up 0.3% to a median of $908,000.
2) The capital-city split remained wide in March
March data showed Sydney (-0.1%) and Melbourne (-0.2%) edging lower on the dwelling index, while Brisbane (+1.8%), Adelaide (+1.2%), Perth (+2.5%) and Darwin (+1.6%) continued to record monthly growth. Annual changes also remained far apart: Perth was up 24.3% over the year and Brisbane 19.0%, versus 4.8% in Sydney and 3.4% in Melbourne.
3) Auction activity and sales tracking did not move in the same direction as prices
Cotality said its estimate of quarterly home sales was tracking 1.9% lower than a year earlier and 5.6% below the five-year average. At the same time, the week ending 29 March 2026 recorded 4,062 capital-city auctions, up 46% on the previous week, while the preliminary clearance rate eased to 60.9%.
Context for April 2026
The RBA does not have a Monetary Policy Board meeting scheduled in April 2026. The most recent decision was the 17 March 2026 increase of 25 basis points, which lifted the cash rate target to 4.10%, effective 18 March 2026. The next scheduled policy update is 2.30 pm on 5 May 2026. April rate context is therefore about the March decision carrying through into mortgage pricing and borrower assessments rather than a new cash-rate move.
Perth / Brisbane Watch
Perth and Brisbane remained above Sydney and Melbourne in the latest monthly value data. In Cotality's March dwelling index, Perth rose 2.5% in the month and Brisbane rose 1.8%; annual growth was 24.3% in Perth and 19.0% in Brisbane.
| City | Median House | MoM | YoY | Median Unit | Source |
|---|---|---|---|---|---|
| Perth | $880,000 | +1.1% | +13.5% | $630,000 | REIWA |
| Brisbane | $1,405,000 | - | - | $825,000 | REIQ (Dec Q 2025) |
Data Availability Notes
- Monthly transactions remain a placeholder because the ABS transfer series is published quarterly. The March quarter 2026 release is scheduled for 9 June 2026.
- 30-day fixed mortgage rate (avg) has been left as a placeholder because an exact matching official monthly series was not available across the required source set at generation time.
Sources
- Cotality Home Value Index - March 2026
- Cotality weekly auction report - 29 March 2026
- PropTrack Home Price Index - March 2026
- RBA cash rate target overview
- RBA Monetary Policy Decision - 17 March 2026
- RBA Board Meeting Schedules
- ABS Total Value of Dwellings - Dec 2025
- REIWA Perth market update - March 2026
- REIQ December 2025 Quarter median sales data
- Cotality (formerly CoreLogic) rebrand note
Published: April 6, 2026 | By PropertyWiki Team
PropertyWiki.ai publishes monthly AU property market data using Cotality/CoreLogic, PropTrack, RBA and ABS data. This bulletin is for informational purposes only and does not constitute investment advice.