M:
Research
Spring/26 Regional New South Wales Residential
Headlines Regional NSW recorded a higher 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 Regional NSW is currently undersupplied. Regional NSW rental vacancy was recorded at 2.0% at the end of Q2/26.
Less Regional NSW homes have been newly listed for sale than this time last year. Overall, the total number of homes listed for sale in Regional NSW is up on last year.
Residential rents across Regional NSW trended 7.5% above last year's weekly rate, with rents forecast to rise 5% at the end of 2026.
Regional NSW residential prices have trended 0.8% higher than a quarter ago, with 6.7% annual growth. Price growth of 4% is forecast by the end of 2026.
The construction delivery of new homes in NSW was 1.5% below the last reported year, whilst residential building approvals trended 6.0% higher.
Economy Key drivers
Interest rate
Spring/26
4.60%
Interest rates were last set at 4.60% after the Reserve Bank of Australia (RBA) lifted the cash rate target by 25 bps in September 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% at the end of 2026 whilst 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.
Unemployment
+2.6%
Economic growth
Australia recorded annual economic growth of 2.1% at the end of Q2/26, following a five year annual average performance of 2.2%. A growing economy fuels the property market by generating employment, lifting household incomes and strengthening overall demand. In general, sustainable annual economic growth is viewed as trending between 2% and 3%. Looking forward, Westpac forecasts economic growth of 1.5% by the end of 2026 and 1.7% in 2027.
3.3%
Population growth
Regional NSW's unemployment rate of 3.3% at the end of Q2/26, was tracking lower 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.
+0.9%
Population growth has ramped up housing demand, placing pressure on existing housing supply and infrastructure. Regional NSW's total population growth was 0.9% in 2025. This came after the population grew 1.1% in 2024, after growth of 1.2% in 2022. The Australian Bureau of Statistics (ABS) have projected the long-term population growth for Regional NSW at 1.3% per annum.
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 Regional NSW
1.2%
1.0%
1.1%
0.9%
1.3%
1.3%
1.3%
Source: McGrath Research, RBA, ABS, Westpac
2
Residential sales Update
Sales
Spring/26
+9%
Rolling tally of annual residential sales Regional NSW
Regional NSW recorded a higher number of residential sales over the past year. Sales trended up 9% with a total of 66,097 transactions in the year ending Q2/26, outpacing the five year annual average of 62,040 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 14,887 sales in the Q2/26 quarter, this was 4% below the previous quarter, whilst lower than the 15,180 five year quarterly average.
Source: McGrath Research, Cotality
Share of state annual sales
41%
Regional NSW made up 41% of the total number of annual residential sales recorded in NSW at the end of Q2/26. This was higher than one year ago when the proportion was 39%, whilst below the 43% share recorded five years ago. A change in residential sales activity over the year to Q2/26 saw Regional NSW (+9%) outpacing Sydney (+2%).
Share of state annual sales, by number Regional NSW Source: McGrath Research, Cotality
Regional NSW, Q2/26
Houses
Apartments
Residential
Number of homes sold in past quarter
12,285
2,602
14,887
Change from a quarter ago
-3%
-9%
-4%
Number of homes sold in past year
54,479
11,618
66,097
9%
7%
9%
Change from a year ago
Source: McGrath Research, Cotality
3
Residential sales, by local area Based on the geography boundary defined by the Local Government Area
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
Albury
254
2%
1,107
-2%
60
5%
241
-5%
Armidale
158
6%
719
16%
23
-8%
99
34%
Ballina
150
-10%
662
2%
88
-3%
401
18%
Bathurst
226
16%
923
14%
19
-37%
109
1%
Bega Valley
149
-13%
680
20%
39
-15%
181
-11%
Broken Hill
150
9%
606
18%
1
0%
2
-33%
Byron
114
-8%
570
10%
62
11%
256
5%
Cessnock
359
-2%
1,592
4%
42
56%
161
3%
Regional NSW Q2/26
Clarence Valley
295
4%
1,188
15%
43
0%
187
11%
Coffs Harbour
246
-3%
1,104
4%
90
-34%
493
10%
Dubbo
278
-10%
1,311
22%
9
-31%
46
0%
Eurobodalla
207
-7%
904
0%
50
-17%
254
17%
Goulburn Mulwaree
190
13%
785
8%
15
25%
75
12%
Griffith
98
44%
416
11%
6
50%
22
-8%
Hilltops
113
22%
430
16%
6
20%
14
0%
Kempsey
134
-3%
629
17%
16
7%
65
12%
Kiama
87
21%
334
-4%
19
-27%
94
-28%
Lake Macquarie
750
-13%
3,592
5%
167
-3%
685
2%
Lismore
237
-4%
998
21%
23
-18%
122
3%
Lithgow
90
-21%
464
12%
4
-33%
23
188%
Maitland
421
-18%
2,107
4%
66
-12%
274
6%
Mid-Coast
459
-13%
2,110
18%
116
-14%
503
-3%
Mid-Western
149
-24%
749
26%
11
-21%
58
152%
Muswellbrook
101
16%
430
15%
20
54%
58
-5%
Nambucca Valley
74
-33%
376
4%
10
-9%
38
36%
Newcastle
609
11%
2,521
3%
275
-11%
1,292
6%
Orange
234
0%
990
11%
17
-19%
83
9%
Port Macquarie-Hastings
361
-21%
1,666
12%
124
-17%
582
7%
Port Stephens
306
-15%
1,404
10%
79
-25%
342
4%
Queanbeyan-Palerang
272
11%
1,099
3%
104
-5%
458
14%
Richmond Valley
106
-17%
472
14%
16
0%
60
-30%
Shellharbour
267
-7%
1,213
-6%
111
-12%
484
22%
Shoalhaven
574
4%
2,456
9%
66
-26%
317
13%
Singleton
91
-11%
452
18%
10
-23%
55
57%
Snowy Monaro
101
3%
434
15%
30
36%
104
27%
Tamworth
366
15%
1,479
11%
22
-41%
119
28%
Tweed
299
-12%
1,426
10%
232
-9%
1,044
8%
Wagga Wagga
322
-6%
1,550
16%
46
35%
143
4%
Wingecarribee
271
-6%
1,150
5%
39
-7%
169
24%
Wollongong
556
-4%
2,485
0%
324
-4%
1,514
3%
4
Source: McGrath Research, Cotality
Residential sales Update
Sales velocity
Spring/26
-11 days
Average days on the market Regional NSW
Regional NSW homes are taking less time to sell than one year ago. Residential homes averaged 50 days on market in Q2/26, from the time they were listed, to the day they went under contract. This average duration was 53 days the quarter before (-3 days) and 61 days one year ago (-11 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 50 days on average, to sell a home.
Source: McGrath Research
New listings Regional NSW
-5.3%
-5.4%
Total listings Regional NSW
Less Regional NSW homes have been newly listed for sale than this time last year. Newly advertised listings in Regional NSW were 5.3% lower 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 2.3% across Australian capital cities.
Overall, the total number of homes listed for sale in Regional NSW is up on last year. Regional NSW's total number of listings in the month of June 2026 were 5.4% 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 -1.7%.
Regional NSW, Q2/26
Houses
Apartments
Residential
Number of days homes on market
52 days
40 days
50 days
Change from a quarter ago
-3 days
-3 days
-3 days
Change from a year ago
-11 days
-9 days
-11 days Source: McGrath Research
5
Residential sales velocity, by local area Based on the geography boundary defined by the Local Government Area
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
Albury
34 days
-4 days
-10 days
35 days
+6 days
-11 days
Armidale
44 days
-19 days
-38 days
44 days
-13 days
-6 days
Regional NSW Q2/26
Ballina
42 days
-3 days
-25 days
34 days
+1 day
-8 days
Bathurst
54 days
+13 days
-10 days
45 days
+1 day
-16 days
Bega Valley
82 days
-8 days
-19 days
80 days
+2 days
-31 days
Broken Hill
63 days
-7 days
-7 days
na
na
na
Byron
73 days
-6 days
-6 days
57 days
-1 day
-30 days
Cessnock
39 days
+1 day
-9 days
31 days
-7 days
-12 days
Clarence Valley
50 days
-4 days
-12 days
59 days
-8 days
+1 day
Coffs Harbour
54 days
-3 days
-11 days
53 days
+1 day
-14 days
Dubbo
43 days
-2 days
-25 days
40 days
-4 days
-8 days
Eurobodalla
76 days
-3 days
+3 days
63 days
-2 days
-20 days
Goulburn Mulwaree
80 days
+1 day
+0 days
34 days
-4 days
-9 days
Griffith
33 days
-2 days
-9 days
na
na
na
Hilltops
70 days
-16 days
-9 days
na
na
na
Kempsey
77 days
-2 days
-13 days
64 days
+17 days
+25 days
Kiama
75 days
+3 days
-5 days
41 days
-43 days
-47 days
Lake Macquarie
33 days
-3 days
-11 days
33 days
-6 days
-11 days
Lismore
60 days
-6 days
-18 days
27 days
-14 days
-25 days
Lithgow
59 days
+0 days
-7 days
na
na
na
Maitland
29 days
-2 days
-16 days
22 days
+2 days
-3 days
Mid-Coast
67 days
-5 days
-14 days
52 days
+4 days
-7 days
Mid-Western
73 days
-11 days
-22 days
61 days
-13 days
+13 days
Muswellbrook
31 days
-3 days
-26 days
31 days
-6 days
-18 days
Nambucca Valley
91 days
+15 days
+25 days
59 days
-3 days
-10 days
Newcastle
25 days
-1 day
-4 days
26 days
+1 day
-3 days
Orange
35 days
-4 days
-21 days
35 days
0 days
-22 days
Port Macquarie-Hastings
48 days
-11 days
-10 days
41 days
-2 days
-11 days
Port Stephens
45 days
-3 days
-26 days
43 days
-5 days
-25 days
Queanbeyan-Palerang
60 days
-9 days
-5 days
50 days
-2 days
-11 days
Richmond Valley
83 days
-2 days
-5 days
40 days
-7 days
-29 days
Shellharbour
30 days
-1 day
-10 days
31 days
+3 days
-14 days
Shoalhaven
71 days
-2 days
-13 days
57 days
-13 days
-15 days
Singleton
30 days
-5 days
-36 days
na
na
na
Snowy Monaro
79 days
-20 days
-26 days
107 days
+15 days
+35 days
Tamworth
41 days
-7 days
-16 days
32 days
-3 days
-45 days
Tweed
44 days
-4 days
-20 days
31 days
-1 day
-8 days
Wagga Wagga
36 days
-9 days
-21 days
38 days
+5 days
-18 days
Wingecarribee
64 days
-4 days
-24 days
75 days
+8 days
-3 days
Wollongong
33 days
+0 days
-6 days
24 days
-5 days
-8 days
6
Source: McGrath Research, Cotality
Residential prices Update
Average price
Spring/26
$869,400
Tracking average prices Regional NSW
Regional NSW residential property prices have trended higher than a year ago. Prices across Regional NSW rose by 6.7% in the year ending Q2/26, with a 0.8% increase recorded in the most recent quarter. As a result, the average residential value reached $869,400. 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 10.2% over the past five years.
Source: McGrath Research
Price outlook
+4%
Forecast for average prices Regional NSW
Looking ahead, Regional NSW residential prices are likely to rise over the coming year. McGrath Research forecast Regional NSW residential property prices to increase by 4% at the end of 2026, followed by a further 2% 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
Regional NSW, Q2/26
Houses
Apartments
Residential
Average price
$909,300
$655,800
$869,400
Change from a quarter ago
0.7%
1.5%
0.8%
Change from a year ago
6.8%
8.0%
6.7% Source: McGrath Research
7
Residential prices, by local area Based on the geography boundary defined by the Local Government Area
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
Albury
$857,500
2.2%
12.7%
$495,500
7.7%
19.1%
Armidale
$660,300
-5.8%
0.6%
$372,000
17.4%
6.5%
Ballina
$1,401,000
-3.5%
5.9%
$891,800
-0.3%
12.4%
Bathurst
$922,300
2.2%
3.6%
$642,700
-4.7%
-2.9%
Regional NSW Q2/26
Bega Valley
$932,300
0.4%
9.1%
$607,800
-16.3%
11.1%
Broken Hill
$246,900
10.6%
37.9%
$432,100
-30.1%
199.7%
Byron
$1,929,700
-0.5%
3.4%
$1,045,400
-1.6%
-3.4%
Cessnock
$1,126,000
2.0%
12.1%
$568,900
8.0%
12.1%
Clarence Valley
$719,700
-3.3%
6.3%
$454,800
3.8%
6.4%
Coffs Harbour
$1,014,300
-1.8%
7.1%
$600,300
5.8%
-11.6%
Dubbo
$629,500
9.4%
23.8%
$1,014,100
23.3%
33.1%
Eurobodalla
$933,200
-1.7%
1.1%
$637,700
-1.0%
4.0%
Goulburn Mulwaree
$1,121,900
-7.8%
-0.5%
$970,000
-21.6%
22.9%
Griffith
$631,200
-9.3%
8.3%
$616,500
-3.6%
26.5%
Hilltops
$687,600
14.7%
20.9%
$538,900
1.9%
9.8%
Kempsey
$765,900
5.8%
7.4%
$493,200
2.1%
9.5%
Kiama
$1,977,400
10.1%
6.3%
$975,700
5.5%
1.3%
Lake Macquarie
$1,071,400
0.7%
8.3%
$757,000
2.9%
14.3%
Lismore
$974,100
2.2%
7.9%
$629,700
0.8%
13.7%
Lithgow
$818,400
1.3%
9.7%
$529,500
-4.5%
-17.3%
Maitland
$1,085,900
0.5%
16.8%
$607,700
3.1%
12.7%
Mid-Coast
$881,200
1.0%
2.9%
$570,400
3.4%
-7.8%
Mid-Western
$865,300
3.6%
4.4%
$570,800
-5.1%
-9.7%
Muswellbrook
$909,100
-9.6%
5.3%
$424,600
2.0%
6.6%
Nambucca Valley
$881,200
-2.2%
9.8%
$489,600
-2.2%
5.7%
Newcastle
$1,236,200
-2.1%
6.7%
$819,300
-1.5%
8.9%
Orange
$1,082,400
1.3%
6.5%
$652,300
-8.2%
-5.5%
Port Macquarie-Hastings
$1,010,000
1.1%
10.1%
$581,300
0.9%
8.8%
Port Stephens
$1,115,600
-4.7%
4.0%
$622,500
3.9%
14.9%
Queanbeyan-Palerang
$1,115,800
0.0%
4.3%
$832,200
7.2%
3.3%
Richmond Valley
$786,000
2.9%
8.7%
$448,800
-6.0%
-17.2%
Shellharbour
$1,147,900
0.6%
6.3%
$743,100
-3.4%
-0.7%
Shoalhaven
$1,312,600
-1.2%
1.5%
$790,200
-0.4%
14.0%
Singleton
$1,276,000
6.3%
26.6%
$551,800
14.2%
20.5%
Snowy Monaro
$807,900
-0.4%
7.3%
$881,800
-9.9%
23.7%
Tamworth
$769,500
3.2%
13.6%
$502,700
4.1%
8.7%
Tweed
$1,483,500
-0.9%
5.8%
$1,025,300
31.4%
53.1%
Wagga Wagga
$854,500
1.7%
21.9%
$661,700
1.4%
8.1%
Wingecarribee
$1,884,700
5.1%
1.9%
$990,300
2.6%
-8.3%
Wollongong
$1,327,600
-1.5%
5.2%
$851,600
-1.3%
8.8%
8
Source: McGrath Research, Cotality
Residential rents Update
Vacancy
Spring/26
2.0%
Residential rental vacancy Regional NSW
The number of residential rental homes in Regional NSW is currently undersupplied. Regional NSW rental vacancy was recorded at 2.0% at the end of Q2/26, rising 26 bps in the quarter whilst rising 43 bps over the past year. 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, Regional NSW residential rental vacancy has averaged 1.6%.
Source: McGrath Research
Yield
+6 bps
Gross rental yield Regional NSW
Regional NSW gross rental yields have trended higher over the past year. Residential yields lifted 3 bps in the Q2/26 quarter to be 4.11% across Regional NSW, whilst 6 bps higher 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. Regional NSW gross rental yields have averaged 4.05% over the past five years.
Source: McGrath Research
Regional NSW, Q2/26
Houses
Apartments
Residential
Gross rental yield
4.04%
4.48%
4.11%
Change from a quarter ago
+2 bps
+9 bps
+3 bps
Change from a year ago
+6 bps
+0 bps
+6 bps Source: McGrath Research
9
Residential rents Update
Average weekly rent
Spring/26
$645
Tracking average weekly rents Regional NSW
Residential rents across Regional NSW trended above the weekly rate recorded a year ago. Regional NSW rents rose 1.6% in Q2/26, whilst increasing 7.5% over the past year, to stand at an average $645 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, Regional NSW rents grew an average 7.6% per annum.
Source: McGrath Research
Rental outlook
+5%
Forecast for average rents Regional NSW
The Regional NSW residential market is continuing to experience upward pressure on weekly rents. McGrath Research forecast Regional NSW 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
Regional NSW, Q2/26
Houses
Apartments
Residential
Average weekly rent
$665
$540
$645
Change from a quarter ago
1.5%
1.9%
1.6%
Change from a year ago
8.1%
5.9%
7.5% Source: McGrath Research
10
Residential rents, by local area Based on the geography boundary defined by the Local Government Area
Spring/26
Houses
Apartments
Median rent
Change from a quarter ago
Change from a year ago
Median rent
Change from a quarter ago
Change from a year ago
Albury
$535
-0.9%
3.9%
$415
1.2%
9.2%
Armidale
$480
2.1%
11.6%
$370
1.4%
12.1%
Ballina
$830
-6.7%
4.4%
$680
10.6%
8.8%
Bathurst
$585
1.7%
10.4%
$455
9.6%
15.2%
Bega Valley
$620
2.5%
2.5%
$475
3.3%
4.4%
Broken Hill
$370
2.8%
8.8%
$260
4.0%
13.0%
Byron
$1,200
4.3%
10.6%
$760
0.0%
2.7%
Cessnock
$595
2.6%
4.4%
$475
3.3%
4.4%
Clarence Valley
$655
13.9%
23.6%
$450
1.1%
5.9%
Coffs Harbour
$725
-0.7%
5.8%
$555
1.8%
5.7%
Dubbo
$500
7.5%
13.6%
$400
2.6%
5.3%
Eurobodalla
$595
0.0%
2.6%
$480
0.0%
5.5%
Goulburn Mulwaree
$530
0.0%
0.0%
$420
0.0%
5.0%
Griffith
$500
2.0%
5.3%
$420
0.0%
0.0%
Hilltops
$470
2.2%
9.3%
$345
15.0%
7.8%
Kempsey
$505
0.0%
2.0%
$415
0.0%
15.3%
Kiama
$810
1.9%
2.5%
$680
8.8%
8.8%
Regional NSW Q2/26
Lake Macquarie
$715
2.1%
6.7%
$605
0.8%
4.3%
Lismore
$640
2.4%
8.5%
$455
2.2%
8.3%
Lithgow
$450
2.3%
5.9%
$415
-3.5%
29.7%
Maitland
$660
1.5%
6.5%
$530
0.0%
2.9%
Mid-Coast
$600
1.7%
7.1%
$450
7.1%
9.8%
Mid-Western
$535
1.9%
3.9%
$395
14.5%
-7.1%
Muswellbrook
$580
0.9%
6.4%
$410
-2.4%
6.5%
Nambucca Valley
$595
0.8%
8.2%
$395
2.6%
-1.3%
Newcastle
$745
2.8%
10.4%
$640
0.8%
3.2%
Orange
$600
3.4%
9.1%
$470
2.2%
5.6%
Port Macquarie-Hastings
$685
1.5%
5.4%
$550
5.8%
5.8%
Port Stephens
$680
1.5%
9.7%
$570
1.8%
5.6%
Queanbeyan-Palerang
$740
3.5%
17.5%
$540
6.9%
8.0%
Richmond Valley
$600
-4.0%
4.3%
$380
2.7%
-13.6%
Shellharbour
$755
2.0%
7.1%
$665
3.9%
8.1%
Shoalhaven
$610
2.5%
7.0%
$515
2.0%
5.1%
Singleton
$655
1.6%
4.8%
$535
3.9%
21.6%
Snowy Monaro
$640
-2.3%
14.3%
$520
16.9%
8.3%
Tamworth
$540
4.9%
13.7%
$405
-1.2%
9.5%
Tweed
$1,070
5.4%
25.9%
$730
2.8%
7.4%
Wagga Wagga
$585
1.7%
11.4%
$470
3.3%
16.0%
Wingecarribee
$785
4.0%
9.8%
$610
-0.8%
6.1%
Wollongong
$830
3.1%
14.5%
$605
2.5%
7.1%
11
Source: McGrath Research, Cotality
Definitions
Regional NSW Regional New South Wales (NSW) refers to the area outside of ‘Greater Sydney’ or ‘Rest of State’ for NSW as defined by the Australian Bureau of Statistics. 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.
Local Government Area A Local Government Area (LGA) is a defined geographic region administered by a local council responsible for community services, planning, and local regulations. The top 40 LGAs in the regional area have been included in this publication, ranked by total number of residential homes. This threshold helps ensure the LGA provides a sufficiently robust and reliable sample size for analysis.
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.
Population growth Population growth increases the number of people needing homes, boosting housing demand and influencing supply, prices, and future development needs.
Unemployment The unemployment rate measures the share of people in the labour force who are willing and able to work but currently without employment.
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.
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.
Average price Average price is the calculation of prices or values divided by the number of properties. It represents the overall price level across a market and is useful for tracking trends over time.
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.
Average weekly rent Average weekly rent is the calculation of rentals divided by the number of properties. It represents the overall rent level across a market and is useful for tracking trends over time.
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.