Movement in median property prices in Australia’s major cities
Movement in median property prices in Australia’s major cities
Cotality’s national home value index rose 0.3% in April, the slowest pace of growth since January 2025, just ahead of last year’s rate-cutting cycle.
The national result was dragged lower by Sydney and Melbourne, where values fell 0.6% over the month.
The median house price in Australia’s combined capital cities is now $1,178,996,
The median unit price in Australia’s capital cities is $767,901
The median dwelling price for Australia now sits at $940,048
The median dwelling price for our combined capital cities now sits at $1,031,838
The median dwelling price for our combined regional towns sits at $765,769
Cotality’s national home value index rose 0.3% in April, the slowest pace of growth since January 2025, just ahead of last year’s rate-cutting cycle.
The national result was dragged lower by Sydney and Melbourne, where values fell 0.6% over the month.
Sydney home values are now 1.0% below their November peak, while Melbourne values are 1.9% below their November 2025 cyclical high and 2.3% below the March 2022 peak.
Perth’s growth is clearly losing steam, but the market remains strong; values rose 2.1% in April, adding more than $21,000 to the median dwelling value.
Source: Cotality 1st May 2026
