02/04/2026
Cotality Australia's national home value index released yesterday rose 0.7% in March, taking dwelling values 2.1% higher over the first quarter of the year. At the national level, the pace of gains is easing, reducing from a 2.8% increase in Q4 last year, but housing outcomes are increasingly diverse from city to city and
across the pricing spectrum.
The mid - sized capitals, as well as Darwin, are all recording growth of 1.2% or more on a month basis, while Sydney and Melbourne navigate a subtle decline trend that has been evident since December last year.
“Since the end of November 2025, Melbourne values have retreated by - 0.9% and the Sydney market is down - 0.4%,” said Tim Lawless, Cotality’s research director. “The softer trend in values coincides with falling auction clearance rates and a pickup in advertised supply, providing buyers with more choice and less urgency at the negotiation table."