- Brisbane’s luxury property market (Source: Mathew Williams)
Brisbane’s luxury property market is facing challenges with sellers overpricing homes and misjudging demand, particularly for properties over $3 million. Mid-range properties between $800,000 and $2 million are experiencing strong buyer interest and competitive pricing. Sellers in the prestige market often reject auction offers, leading to properties sitting unsold and eventually selling for less than initial top bids. Buyers in the luxury market are now in a favorable position, able to take time finding properties at fair prices.
- Construction costs (Source: Mathew Williams)
Construction costs in Australia have risen faster than inflation, ranging from 4.9% to 9.2% across different states and territories. Tasmania experienced the highest construction cost increase of 9.2%, with average new home costs jumping from $392,000 to $428,000 in FY2025. Victoria remains the most expensive state for new home construction, with an average cost of $589,000, while other states also saw significant increases. Rising import and logistics expenses are driving up construction costs, forcing consumers to adjust their home-building expectations and size.
- National weekly auction report (Source: Dr Andrew Wilson)
The national weekend auction market showed a 67.4% clearance rate, similar to the previous week and higher than last year’s same period. Sydney auctions reported 1,572 listings with a 72.6% clearance rate, and a median house price of $2,027,500. Melbourne experienced a lower clearance rate of 68.1% with 1,500 home auction listings and a median house price of $1,050,000. Auction numbers are expected to continue rising over the coming weeks, likely leading to lower clearance rates. The late spring market is providing buyers with more choices and sellers with increased competition across major Australian cities.
- Australia’s property markets (Source: Brett Warren)
October saw record-high new listings in Sydney and Melbourne, with auction clearance rates holding steady at 66.1%, indicating a resilient property market. Most capital cities are experiencing extremely low vacancy rates, with cities like Hobart (0.2%) and Adelaide (0.5%) facing tight rental markets. Distressed listings are at their lowest point in two to three years across major cities, reflecting strong household financial health. Selling times vary across cities, with Adelaide and Darwin seeing faster sales, while Sydney, Melbourne, Brisbane, and Perth are experiencing longer market times. Canberra stands out with record-high supply, leading to increased property discounting and longer days on market. Overall, the market shows signs of recovery and confidence, with increasing listings and stable buyer demand, suggesting a potential early stage of market upswing.
- 2026 forecast (Source: Domain)
Domain’s 2026 Forecast predicts record-breaking prices across all capital cities, driven by lower interest rates, rising incomes, and the expanded First Home Guarantee Scheme, which could push prices up by 6.6% in its first year. Sydney house prices are forecast to hit $1.92 million (up 7%), while Melbourne, Canberra, Brisbane, Adelaide and Perth all see strong growth, with units expected to outperform houses as buyers chase affordability. The surge is expected to ease by late 2026 as new supply comes online, but rents will continue rising 3-4% as demand outpaces supply, meaning strong opportunities for investors and sellers in the first half of the year before competition intensifies.
- Victoria (Source: Emily Rayner)
Victorian government will require real estate agents to publish a property’s reserve price at least seven days before auction, aiming to reduce underquoting and increase transparency. If agents fail to disclose the reserve price within the specified timeframe, the property cannot be sold or auctioned. The reforms include stronger price-guide rules and a permanent underquoting taskforce that has already issued over $2.3 million in fines. Agents will be required to immediately update all marketing materials with the reserve price to ensure buyers have accurate information.
- Regional dwelling value (Source: Gemma Crotty)
Regional dwelling values rose 2.4% in the three months to October, with Western Australia leading the growth. Kalgoorlie-Boulder, Geraldton, and Albany in WA showed significant property value increases, with Albany recording the highest annual rise of 23.3%. Low supply and high demand are driving regional property market growth, particularly in affordable housing segments. Western Australian regions demonstrated strong market performance, with short median selling times and high buyer interest. NSW regions like Bowral-Mittagong lagged behind, experiencing falling property values and longer market times due to high median prices and reduced affordability.
- CoreLogic Auction Results (Week ending 16 November 2025)
(Total Auction / Clearance Rate)
– Sydney: 1,234 / 62.1%
– Melbourne: 1,451 / 63.4%
– Brisbane: 214 / 65%
– Perth: 11 / 54.6%
– Canberra: 138 / 56.5%
– Adelaide: 156 / 72.4%
– Tasmania: NA / NA
– Combined Capitals: 3,204 / 63.1%
🟦🟨🟦🟨🟦🟨🟦🟨🟦🟨
If you’re interested in staying updated on the Australian housing market, feel free to reach out to us. You can also follow our Facebook page and Instagram for regular updates on new listings, market trends, statistics, and insightful information.
