May 2026 Real Estate Market Report

April 2026 was another strong month for the @realty network, achieving $584.5 million in property sales across Australia and New Zealand, a 25.14% increase on April 2025.

This performance comes as the broader housing market begins to soften.

National home prices dipped 0.1% in April, the first decline this year, although values remain 8.5% higher annually, with the median home now at $910,000.

Capital city prices fell 0.2% for the month, with Sydney (-0.5%) and Melbourne (-0.3%) leading declines, while Hobart (+0.3%) and Brisbane, Adelaide, and Perth (+0.2%) recorded modest gains. Annual growth remains strongest in Perth (+21.5%), followed by Brisbane, Darwin, and Adelaide.

Regional markets continue to outperform, rising 10.7% year-on-year, supported by affordability and lifestyle appeal, though growth is beginning to slow.

Higher interest rates, reduced borrowing capacity, and softer auction clearance rates are driving a market rebalancing. While further modest price declines are possible, strong employment, limited supply, and high equity levels are expected to prevent a sharp downturn.

Despite shifting conditions, @realty’s results highlight its continued strength and momentum in a changing market.

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