28/09/2026
REAL ESTATE MARKET UPDATE
Tuesday’s RBA decision is now a much closer call. Inflation remains too high, but unemployment has risen to 4.6 per cent and the labour market is clearly softening.
A rate rise still looks more likely than a hold. The RBA remains concerned about persistent underlying inflation, although rising unemployment is making the case for further increases beyond Tuesday much less clear.
Since the Budget, the median time a property spends on the market has risen from 34 to 47 days. For the previous three years, that figure had held steady between 29 and 37 days through rate rises and global uncertainty alike. (1)
Perth and Brisbane are slowing the most, adding 19 and 15 days respectively to how long homes take to sell. In both cities, sales are falling while more listings are hitting the market. Adelaide remains the fastest market in the country at just 28 days to sell. (1)
Southern Australia is heading toward longer dry spells broken by short, heavy bursts of rain, which could make rural properties with reliable water, strong ground cover and diverse income streams more valuable. (2)
Brisbane and Perth are the strongest office markets in the country, with Brisbane already seeing rising values while Perth's leasing gains have yet to flow into prices, giving it the most room to grow.(3)
