M:
Research
Spring/26 Brisbane Residential
Headlines Brisbane recorded a lower number of residential sales over the past year, whilst homes are taking less time to sell than one year ago.
The number of residential rental homes in Brisbane is currently undersupplied. Brisbane rental vacancy was recorded at 0.9% at the end of Q2/26.
More Brisbane homes have been newly listed for sale than this time last year. Overall, the total number of homes listed for sale in Brisbane is up on last year.
Residential rents across Brisbane trended 6.3% above last year's weekly rate, with rents forecast to rise 5% at the end of 2026.
Brisbane residential property prices have trended 0.3% higher than a quarter ago, with 19.2% annual growth. Price growth of 5% is forecast by the end of 2026.
The construction delivery of new homes in Queensland was 1.9% below a year ago, whilst the cost to build in Brisbane escalated 6.5%.
Economy Key drivers
Interest rate
Spring/26
4.35%
Interest rates were last set at 4.35% after the Reserve Bank of Australia (RBA) lifted the cash rate target by 25 bps in May 2026. At this time, most lenders adjusted their mortgage lending rates for homeowners and investors accordingly. By setting borrowing costs, interest rates strongly influence both housing affordability and demand for home loans. Westpac forecasts the cash rate target to be 4.60% by the end of 2026 and 4.10% in 2027, with inflation, energy costs and the global economy being closely monitored as a leading indicators for any possible adjustments during this time.
Population growth
4.7%
Unemployment
Brisbane's unemployment rate of 4.7% at the end of Q2/26, was tracking higher than the Australia average at 4.3%. Looking back, the five year average unemployment rate has been 3.9% across Australia. Employment conditions shape the ability for a household to enter the housing market and service mortgages over time, with a healthy labour market typically below 5%. With economic headwinds and technological disruption to a growing number of industries on the horizon, the RBA forecasts unemployment to soften to 4.7% by the end of 2027.
+2.1%
+6.5%
New build costs
Population growth has ramped up housing demand, placing pressure on existing housing supply and infrastructure. Brisbane's total population growth was 2.1% in 2025. This came after the population rebounded 2.7% in 2024, after growth had slowed to 2.1% in 2022, as a consequence of slower migration throughout the pandemic. The Australian Bureau of Statistics (ABS) have projected the long-term population growth for Brisbane at 1.7% per annum.
The construction delivery of new homes in Queensland was 1.9% below the last reported year, whilst residential building approvals trended 26.5% higher. Over this time, Brisbane house approvals were up 15.7% and apartment approvals were 37.4% higher. The cost to build in Brisbane escalated 6.5% in 2025 according to WT, which was below the 6.9% five year average. Considering the economic outlook, WT forecasts building escalation to lift by 6.0% in 2026 and rise 7.0% in 2027.
Economic outlook, Q2/26
2021
2022
2023
2024
2025
2026F
2027F
Interest rate target
0.10%
3.10%
4.35%
4.35%
3.60%
4.60%
4.10%
Economic growth in Australia
4.9%
3.3%
1.3%
1.2%
2.6%
1.5%
1.7%
Unemployment rate in Australia
4.0%
3.3%
3.8%
3.8%
3.9%
4.7%
4.7%
Population growth in Brisbane
2.1%
3.1%
2.7%
2.1%
1.7%
1.7%
1.7%
Building cost escalation in Brisbane
3.8%
8.5%
8.0%
7.5%
6.5%
6.0%
7.0%
Source: McGrath Research, RBA, WT, ABS, Westpac
2
Residential sales Update
Sales
Spring/26
-6%
Rolling tally of annual residential sales Brisbane
Brisbane recorded a lower number of residential sales over the past year. Sales trended down 6% with a total of 49,355 transactions in the year ending Q2/26, outpaced by the five year annual average of 53,830 sales. A change in sales activity can be influenced by interest rates, economic confidence, housing supply, government policies and shifting population trends which impacts buyer demand. Isolating the 9,931 sales in the Q2/26 quarter, this was 16.4% below the previous quarter, whilst higher than the 13,328 five year quarterly average.
Source: McGrath Research, Cotality
Auctions
120 23.8%
In the last active week of Q2/26, 120 residential auctions were held across Brisbane. According to Cotality, 23.8% of these homes were sold under the hammer. Clearance rates above 70% suggest strong demand and a seller’s market, while a rate below 60% indicates weaker demand and a buyer’s market. This result was lower than 55.7% one quarter ago when 66 auctions were held. By comparison, the same quarter last year saw 67.4% homes sold, from 141 auctions.
Auction clearance rate Brisbane Source: McGrath Research, Cotality
Brisbane, Q2/26
Houses
Apartments
Residential
Number of homes sold in past quarter
6,846
3,085
9,931
Change from a quarter ago
-17%
-16%
-16%
Number of homes sold in past year
35,017
14,338
49,355
Change from a year ago
-6%
-6%
-6% Source: McGrath Research, Cotality
3
Residential sales, by local area Based on SA3, the geography boundary defined by the Australian Bureau of Statistics
Spring/26
Houses
Apartments
Number sold in past quarter
Change from a quarter ago
Number sold in past year
Change from a year ago
Number sold in past quarter
Change from a quarter ago
Number sold in past year
Change from a year ago
Bald Hills - Everton Park
114
-18%
555
4%
57
-12%
278
0%
Beenleigh
173
-24%
920
-2%
38
6%
156
10%
Bribie - Beachmere
141
-13%
754
1%
24
-44%
166
-4%
Brisbane Inner
42
-54%
475
-35%
508
-15%
2,438
-12%
Brisbane Q2/26
Brisbane Inner - East
114
-4%
572
-5%
107
-27%
492
13%
Brisbane Inner - North
160
-22%
909
-14%
437
-1%
1,841
-7%
Brisbane Inner - West
127
-12%
722
-10%
127
-1%
585
-10%
Browns Plains
323
-2%
1,654
-2%
44
-30%
232
-8%
Caboolture
358
-16%
1,825
-5%
48
-26%
235
14%
Capalaba
206
-13%
1,000
-4%
29
-51%
192
0%
Carindale
135
-25%
739
-9%
76
-13%
325
-19%
Centenary
69
-22%
375
-9%
5
-38%
38
41%
Chermside
190
-20%
991
-7%
101
-29%
502
-7%
Cleveland - Stradbroke
372
-26%
2,075
-5%
53
-35%
278
-3%
Forest Lake - Oxley
156
-20%
864
-12%
35
-19%
174
-4%
Holland Park - Yeronga
144
-7%
738
-13%
181
-4%
825
-10%
Ipswich Inner
520
-16%
2,623
-10%
67
3%
260
-21%
Jimboomba
307
-20%
1,710
0%
4
-50%
30
20%
Kenmore - Brookfield - Moggill
138
-13%
697
0%
5
-17%
29
21%
Loganlea - Carbrook
175
-11%
933
1%
54
-11%
254
18%
Mt Gravatt
155
-11%
845
1%
67
-18%
370
-10%
Narangba - Burpengary
181
-22%
991
-9%
40
-25%
184
27%
Nathan
119
25%
507
0%
32
3%
137
-10%
North Lakes
242
-20%
1,328
-8%
71
-31%
377
-12%
Nundah
88
-21%
464
-14%
78
-33%
405
-14%
Redcliffe
192
-24%
1,110
-7%
88
-20%
461
8%
Rocklea - Acacia Ridge
162
-3%
817
-6%
38
-28%
208
-18%
Sandgate
164
4%
800
-11%
68
3%
295
2%
Sherwood - Indooroopilly
95
-23%
549
-4%
114
-29%
594
-8%
Springfield - Redbank
378
-23%
2,147
-9%
66
-20%
283
12%
Springwood - Kingston
204
-20%
1,057
0%
65
-12%
308
13%
Strathpine
111
-17%
592
-3%
36
-14%
185
-15%
Sunnybank
126
45%
475
2%
37
-21%
169
-10%
The Gap - Enoggera
152
-10%
788
-5%
55
-17%
230
-1%
The Hills District
236
-21%
1,205
-5%
28
-28%
140
15%
Wynnum - Manly
176
-30%
1,000
-9%
47
-16%
265
-7%
Source: McGrath Research, Cotality
4
Residential Sales Update
Sales velocity
Spring/26
-2 days
Average days on the market Brisbane
Brisbane homes are taking less time to sell than one year ago. Residential homes averaged 17 days on market in Q2/26, from the time they were listed, to the day they went under contract. This average duration was 17 days the quarter before (+0 days) and 19 days one year ago (-2 days). A lower number of days on market typically indicates that homes are selling more quickly, often reflecting strong buyer demand and well‑priced, desirable properties. In contrast, a higher number of days on market may signal slower buyer activity or that homes are priced above current market expectations. Looking back over the past five years, it has taken 19 days on average, to sell a home.
Source: McGrath Research, Cotality
New listings Brisbane
+0.8%
+23.2%
Total listings Brisbane
More Brisbane homes have been newly listed for sale than this time last year. Newly advertised listings in Brisbane were 0.8% higher in the month of June 2026 than the equivalent period last year, according to Cotality. This change in new listings trended below the Australian average of 2.1% and below the 2.0% across Australian capital cities.
Overall, the total number of homes listed for sale in Brisbane is up on last year. Brisbane's total number of listings in the month of June 2026 were 23.2% above the equivalent period last year, according to Cotality. By comparison, the Australian average change for total listings was 8.4% and across Australian capital cities was 15.9%.
Brisbane, Q2/26
Houses
Apartments
Residential
Number of days homes on market
18 days
15 days
17 days
Change from a quarter ago
+0 days
+1 day
+0 days
Change from a year ago
-2 days
-1 day
-2 days Source: McGrath Research, Cotality
5
Residential sales velocity, by local area Based on SA3, the geography boundary defined by the Australian Bureau of Statistics
Spring/26
Houses
Apartments
Number days on market
Change from a quarter ago
Change from a year ago
Number days on market
Change from a quarter ago
Change from a year ago
Bald Hills - Everton Park
14 days
-1 day
-1 day
13 days
+0 days
-1 day
Beenleigh
16 days
0 days
-2 days
19 days
+1 day
-3 days
Bribie - Beachmere
27 days
-1 day
-13 days
29 days
+2 days
+2 days
Brisbane Inner
19 days
-1 day
-6 days
20 days
+0 days
-3 days
Brisbane Q2/26
Brisbane Inner - East
27 days
+1 day
-4 days
18 days
+2 days
-2 days
Brisbane Inner - North
22 days
+0 days
-2 days
16 days
+1 day
+0 days
Brisbane Inner - West
23 days
-1 day
+0 days
13 days
+1 day
-2 days
Browns Plains
18 days
-2 days
-3 days
12 days
-1 day
-1 day
Caboolture
22 days
-4 days
-7 days
11 days
-1 day
-4 days
Capalaba
27 days
+2 days
+11 days
12 days
+0 days
-5 days
Carindale
25 days
-1 day
-1 day
18 days
+1 day
+3 days
Centenary
20 days
-1 day
-3 days
na
na
na
Chermside
18 days
+1 day
0 days
12 days
-3 days
-3 days
Cleveland - Stradbroke
39 days
-3 days
-2 days
19 days
-1 day
-2 days
Forest Lake - Oxley
18 days
+1 day
-3 days
13 days
-1 day
-2 days
Holland Park - Yeronga
23 days
+0 days
-1 day
14 days
+1 day
-1 day
Ipswich Inner
16 days
+0 days
-2 days
13 days
-1 day
+0 days
Jimboomba
30 days
+2 days
+0 days
na
na
na
Kenmore - Brookfield - Moggill
31 days
+1 day
+2 days
na
na
na
Loganlea - Carbrook
16 days
-2 days
-7 days
19 days
+3 days
+1 day
Mt Gravatt
20 days
-1 day
-3 days
15 days
-2 days
-2 days
Narangba - Burpengary
13 days
-1 day
-5 days
14 days
+2 days
+2 days
Nathan
23 days
+3 days
-1 day
12 days
-4 days
+3 days
North Lakes
12 days
0 days
-3 days
13 days
+2 days
-1 day
Nundah
17 days
+1 day
-6 days
13 days
+2 days
+4 days
Redcliffe
24 days
-1 day
-3 days
28 days
-5 days
-6 days
Rocklea - Acacia Ridge
22 days
+0 days
-5 days
17 days
-2 days
-2 days
Sandgate
19 days
+1 day
-2 days
11 days
+2 days
+0 days
Sherwood - Indooroopilly
31 days
+0 days
+5 days
14 days
+0 days
-2 days
Springfield - Redbank
18 days
-1 day
-2 days
15 days
+2 days
-1 day
Springwood - Kingston
19 days
+0 days
-1 day
13 days
+0 days
-2 days
Strathpine
11 days
+1 day
-1 day
14 days
-1 day
+2 days
Sunnybank
24 days
+1 day
-1 day
24 days
+5 days
+3 days
The Gap - Enoggera
15 days
+0 days
-2 days
12 days
+2 days
+2 days
The Hills District
25 days
-2 days
-2 days
12 days
-2 days
-5 days
Wynnum - Manly
20 days
+1 day
-1 day
12 days
-1 day
-4 days
Source: McGrath Research, Cotality
6
Residential prices Update
Median price
Spring/26
$1,130,700
Tracking median prices Brisbane
Brisbane residential property prices have trended higher than a year ago. Prices across Brisbane rose by 19.2% in the year ending Q2/26, with a 0.3% increase recorded in the most recent quarter. As a result, the median residential value reached $1,130,700. Residential values shift with changes in interest rates, supply and demand, economic conditions, population trends and local infrastructure which influences market appeal and buyer capacity. Annual residential price growth has averaged 14.2% over the past five years.
Source: McGrath Research, Cotality
Price outlook
+5%
Forecast for median prices Brisbane
Looking ahead, Brisbane residential prices are likely to rise over the coming year. McGrath Research forecast Brisbane residential property prices to increase by 5% at the end of 2026, followed by a further 3% rise in 2027. Residential price forecasts consider borrowing capacity, the balance of supply and demand, economic conditions, population trends and local infrastructure which shapes affordability, demand and market direction.
Source: McGrath Research
Brisbane, Q2/26
Houses
Apartments
Residential
$1,220,900
$876,300
$1,130,700
Change from a quarter ago
0.0%
1.5%
0.3%
Change from a year ago
18.5%
21.6%
19.2%
Median price
Source: McGrath Research, Cotality
7
Residential prices, by local area Based on SA3, the geography boundary defined by the Australian Bureau of Statistics
Spring/26
Houses
Apartments
Median price
Change from a quarter ago
Change from a year ago
Median price
Change from a quarter ago
Change from a year ago
Bald Hills - Everton Park
$1,390,900
-0.2%
18.2%
$924,800
1.9%
23.8%
Beenleigh
$1,077,600
4.7%
25.7%
$796,200
3.2%
34.4%
Bribie - Beachmere
$1,084,900
0.5%
13.5%
$688,100
2.5%
5.3%
Brisbane Inner
$1,992,000
-2.9%
35.4%
$969,300
2.5%
22.1%
Brisbane Inner - East
$1,989,300
0.5%
10.5%
$1,017,400
0.4%
14.4%
Brisbane Inner - North
$2,000,300
1.1%
26.0%
$952,000
2.1%
19.9%
Brisbane Inner - West
$2,013,100
1.4%
19.4%
$992,200
-0.8%
19.7%
Browns Plains
$1,100,200
0.4%
18.2%
$818,400
0.9%
23.7%
Caboolture
$1,130,800
2.2%
20.3%
$675,900
-1.0%
27.6%
Capalaba
$1,854,300
-1.2%
10.4%
$861,900
1.9%
17.6%
Carindale
$1,737,800
0.3%
15.7%
$1,065,400
1.9%
17.8%
Centenary
$1,428,500
-1.3%
18.7%
$956,400
-2.9%
16.9%
Chermside
$1,432,600
-2.6%
14.3%
$895,300
0.1%
17.9%
Cleveland - Stradbroke
$1,228,400
1.2%
16.4%
$840,600
-4.5%
20.7%
Brisbane Q2/16
Forest Lake - Oxley
$1,073,900
2.8%
26.0%
$762,400
4.6%
25.8%
Holland Park - Yeronga
$1,609,900
-0.2%
14.7%
$940,500
1.4%
19.8%
Ipswich Inner
$941,700
-0.2%
19.6%
$677,800
12.7%
17.4%
Jimboomba
$1,307,800
1.7%
20.1%
$840,700
-11.4%
16.7%
Kenmore - Brookfield - Moggill
$1,841,000
0.0%
13.5%
$1,040,100
-6.0%
-3.2%
Loganlea - Carbrook
$1,119,600
0.6%
20.0%
$744,100
0.6%
26.3%
Mt Gravatt
$1,673,200
-1.5%
9.3%
$873,900
-1.2%
12.7%
Narangba - Burpengary
$1,321,100
1.0%
18.7%
$724,800
1.2%
26.8%
Nathan
$1,531,600
-6.6%
9.4%
$886,200
4.5%
29.5%
North Lakes
$1,082,500
-1.1%
18.9%
$817,300
3.4%
28.9%
Nundah
$1,329,400
2.1%
23.7%
$851,100
3.1%
24.2%
Redcliffe
$1,321,400
0.2%
16.1%
$1,050,900
6.5%
21.7%
Rocklea - Acacia Ridge
$1,275,500
1.4%
17.8%
$841,200
1.9%
6.7%
Sandgate
$1,262,300
0.8%
20.8%
$807,900
1.5%
10.9%
Sherwood - Indooroopilly
$1,981,100
8.5%
20.7%
$886,300
-0.7%
19.1%
Springfield - Redbank
$1,025,400
1.0%
21.1%
$786,800
11.3%
26.0%
Springwood - Kingston
$1,134,000
-3.5%
19.2%
$758,800
3.3%
31.0%
Strathpine
$986,200
0.1%
18.6%
$746,700
0.4%
28.1%
Sunnybank
$1,465,300
-0.7%
21.0%
$884,900
1.2%
22.4%
The Gap - Enoggera
$1,443,100
0.2%
12.7%
$947,700
-1.8%
21.6%
The Hills District
$1,647,400
3.9%
14.8%
$784,800
-5.6%
14.0%
Wynnum - Manly
$1,461,200
1.2%
16.0%
$945,400
1.4%
16.9%
Source: McGrath Research, Cotality
8
Residential rents Update
Vacancy
Spring/26
0.9%
Residential rental vacancy Brisbane
The number of residential rental homes in Brisbane is currently undersupplied. Brisbane rental vacancy was recorded at 0.9% at the end of Q2/26, rising 20 bps in the quarter whilst falling 10 bps over the past year according to REIA. Generally, around 3% vacancy is considered a balanced market between rental supply and demand. Below this equilibrium is considered to be an undersupplied pool of rental homes, which places upward pressure on weekly rents. For the past five years, Brisbane residential rental vacancy has averaged 1.1%.
Source: McGrath Research, REIA
Yield
-47 bps
Gross rental yield Brisbane
Brisbane gross rental yields have trended lower over the past year. Residential yields fell 20 bps in the Q2/26 quarter to be 3.41% across Brisbane, whilst 47 bps lower compared to a year ago. A yield pushing beyond 4% is more desirable for investment properties located in capital cities, while below this, tends to show higher property values relative to rental income. Brisbane gross rental yields have averaged 3.97% over the past five years.
Source: McGrath Research, Cotality
Brisbane, Q2/26
Houses
Apartments
Residential
Gross rental yield
3.17%
4.07%
3.41%
Change from a quarter ago
-17 bps
-28 bps
-20 bps
Change from a year ago
-43 bps
-59 bps
-47 bps Source: McGrath Research, Cotality
9
Residential rents Update
Median weekly rent
Spring/26
$670
Tracking median weekly rents Brisbane
Residential rents across Brisbane trended above the weekly rate recorded a year ago. Brisbane rents rose 0.8% in Q2/26, whilst increasing 6.3% over the past year, to stand at a median $670 per week. Rent changes are driven by rental supply, tenant demand, migration trends, economic conditions and investor activity which together impact the vacancy rate. For the past five years, Brisbane rents grew an average 9.6% per annum.
Source: McGrath Research, Cotality
Rental outlook
+5%
Forecast for median rents Brisbane
The Brisbane residential market is continuing to experience upward pressure on weekly rents. McGrath Research forecast Brisbane rents to rise 5% at the end of 2026, with a further 6% rise likely in 2027. The rental forecast takes into consideration new and existing supply levels, population changes, economic conditions and upgraded local infrastructure which can influence future tenant demand, vacancy rates and rental growth.
Source: McGrath Research
Brisbane, Q2/26
Houses
Apartments
Residential
Median weekly rent
$680
$650
$670
Change from a quarter ago
0.7%
1.6%
0.8%
Change from a year ago
6.3%
8.3%
6.3% Source: McGrath Research, Cotality
10
Residential rents, by local area Based on SA3, the geography boundary defined by the Australian Bureau of Statistics
Spring/26
Houses
Apartments
Median weekly rent
Change from a quarter ago
Change from a year ago
Median weekly rent
Change from a quarter ago
Change from a year ago
Bald Hills - Everton Park
$810
1.3%
9.5%
$645
1.6%
3.2%
Beenleigh
$685
3.0%
7.9%
$495
4.2%
15.1%
Bribie - Beachmere
$660
0.0%
9.1%
$525
1.0%
5.0%
Brisbane Inner
$805
-2.4%
18.4%
$675
1.5%
6.3%
Brisbane Inner - East
$975
2.1%
26.6%
$695
3.0%
6.9%
Brisbane Inner - North
$900
1.1%
27.7%
$655
4.8%
8.3%
Brisbane Inner - West
$900
2.3%
24.1%
$640
0.8%
5.8%
Browns Plains
$740
2.1%
15.6%
$530
1.0%
7.1%
Caboolture
$705
1.4%
10.2%
$495
3.1%
8.8%
Capalaba
$840
9.8%
18.3%
$605
1.7%
12.0%
Carindale
$830
0.6%
9.2%
$725
2.8%
10.7%
Centenary
$795
0.0%
6.0%
$695
-2.8%
3.0%
Chermside
$735
1.4%
8.1%
$615
-2.4%
6.0%
Cleveland - Stradbroke
$680
1.5%
7.1%
$645
2.4%
6.6%
Forest Lake - Oxley
$640
0.8%
4.9%
$590
0.0%
3.5%
Holland Park - Yeronga
$770
1.3%
20.3%
$640
1.6%
8.5%
Ipswich Inner
$580
1.8%
8.4%
$480
3.2%
10.3%
Jimboomba
$790
0.6%
14.5%
$540
-0.9%
8.0%
Kenmore - Brookfield - Moggill
$930
1.6%
8.1%
$785
-7.6%
-7.6%
Loganlea - Carbrook
$675
1.5%
8.0%
$525
1.0%
10.5%
Mt Gravatt
$825
3.1%
10.7%
$670
3.1%
8.9%
Narangba - Burpengary
$635
1.6%
7.6%
$555
1.8%
12.1%
Brisbane Q2/26
Nathan
$755
2.7%
11.0%
$575
1.8%
17.3%
North Lakes
$670
0.8%
7.2%
$585
0.9%
6.4%
Nundah
$745
0.7%
12.0%
$635
-2.3%
17.6%
Redcliffe
$675
2.3%
8.9%
$590
0.9%
-3.3%
Rocklea - Acacia Ridge
$715
0.7%
5.1%
$640
0.0%
3.2%
Sandgate
$730
2.1%
12.3%
$555
-0.9%
6.7%
Sherwood - Indooroopilly
$825
1.2%
13.0%
$670
0.8%
7.2%
Springfield - Redbank
$660
2.3%
9.1%
$565
1.8%
6.6%
Springwood - Kingston
$660
1.5%
9.1%
$545
2.8%
11.2%
Strathpine
$650
2.4%
10.2%
$555
0.9%
11.0%
Sunnybank
$730
1.4%
5.0%
$640
0.0%
0.8%
The Gap - Enoggera
$765
1.3%
10.1%
$635
1.6%
5.8%
The Hills District
$805
4.5%
12.6%
$675
-1.5%
9.8%
Wynnum - Manly
$780
1.3%
4.0%
$635
-0.8%
4.1%
Source: McGrath Research, Cotality
11
Definitions
Brisbane Brisbane refers to the Greater Capital City Statistical Area or ‘Greater Brisbane’ as defined by the Australian Bureau of Statistics (ABS).
SA3 (Statistical Area Level 3) SA3 is an ABS-defined geography comprising one or more SA2s, representing functional economic and social regions to support the analysis trends at a regional level.
Interest rate target The cash rate target is the interest rate set by the Reserve Bank of Australia to influence borrowing costs, economic activity, and inflation across the economy.
Economic growth Economic growth is the rise in a country’s production of goods and services over time, reflecting how much the economy is expanding.
Unemployment The unemployment rate measures the share of people in the labour force who are willing and able to work but currently without employment.
Population growth Population growth increases the number of people needing homes, boosting housing demand and influencing supply, prices, and future development needs.
Sales Sales of residential homes refers to the number of houses or apartments sold within a specific area and time period, most commonly being reported within the quarter or year.
Auction clearance rate Auction clearance rates show the percentage of properties sold at auction compared with those taken to auction over a given period.
Sales velocity The length of time a property spends on the market from listing to exchange, with the duration measurement represented as being number of days.
Listing New listings are recently advertised homes, while total listings represent all properties currently for sale in the housing market at a given time.
Median price The median price is the midpoint of all property sale prices, where an equal number of homes sell above and below that value.
Vacancy Total residential vacancy refers to the proportion of rental properties unoccupied and available for tenants at a specific point in time.
Yield Gross rental yield is the annual rental income of a property divided by its market value, showing the return before expenses.
Median weekly rent Median weekly rent is the midpoint of all weekly rental prices, with half of properties renting for more and half for less.
Guiding you home
Michelle Ciesielski National Head of Research, McGrath Research www.mcgrath.com.au/research
Find an agent © McGrath Limited 2026 Disclaimer: This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by McGrath Limited for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of McGrath Limited in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of McGrath Limited. McGrath trademarks are property of McGrath Limited.