M:
Research
Spring/26 Regional Victoria Residential
Headlines Regional Victoria 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 Victoria is currently undersupplied. Regional Victoria rental vacancy was recorded at 2.4% at the end of Q2/26.
More Regional Victoria homes have been newly listed for sale than this time last year. Overall, the total number of homes listed for sale in Regional Victoria is down on last year.
Residential rents across Regional Victoria trended 5.2% above last year's weekly rate, with rents forecast to rise 4% at the end of 2026.
Regional Victoria residential prices have trended 0.9% higher than a quarter ago, with -3.2% annual growth. Price growth of 2% is forecast by the end of 2026.
The construction delivery of new homes in Victoria was 9.3% below the last reported year, whilst residential building approvals trended 1.6% lower.
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.
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.
4.4%
+1.1%
Population growth
Regional Victoria's unemployment rate of 4.4% 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.
Population growth has ramped up housing demand, placing pressure on existing housing supply and infrastructure. Regional Victoria's total population growth was 1.1% in 2025. This came after the population grew 1.1% in 2024, after growth of 0.9% in 2022. The Australian Bureau of Statistics (ABS) have projected the long-term population growth for Regional Victoria at 1.5% 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 Victoria
0.9%
1.0%
1.1%
1.1%
1.5%
1.5%
1.5%
Source: McGrath Research, RBA, ABS, Westpac
2
Residential sales Update
Sales
Spring/26
+14%
Rolling tally of annual residential sales Regional Victoria
Regional Victoria recorded a higher number of residential sales over the past year. Sales trended up 14% with a total of 37,432 transactions in the year ending Q2/26, outpacing the five year annual average of 31,584 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 8,490 sales in the Q2/26 quarter, this was 5% below the previous quarter, whilst lower than the 7,739 five year quarterly average.
Source: McGrath Research, Cotality
Share of state annual sales
28%
Regional Victoria made up 28% of the total number of annual residential sales recorded in Victoria at the end of Q2/26. This was higher than one year ago when the proportion was 26%, whilst below the 33% share recorded five years ago. A change in residential sales activity over the year to Q2/26 saw Regional Victoria (+14%) outpacing Melbourne (+4%).
Share of state annual sales, by number Regional Victoria Source: McGrath Research, Cotality
Regional Victoria, Q2/26
Houses
Apartments
Residential
Number of homes sold in past quarter
7,451
1,039
8,490
Change from a quarter ago
-6%
-1%
-5%
Number of homes sold in past year
32,830
4,602
37,432
13%
26%
14%
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
Alpine
31
-47%
193
18%
8
14%
32
39%
Ararat
62
-9%
243
26%
4
-20%
26
86%
Ballarat
738
-9%
3,363
21%
151
23%
534
32%
Bass Coast
213
-26%
1,019
6%
16
-62%
141
21%
Baw Baw
260
-4%
1,187
9%
29
-38%
162
37%
Benalla
76
43%
263
7%
4
-60%
32
23%
Campaspe
130
5%
520
9%
18
29%
74
-16%
Central Goldfields
69
-15%
298
21%
11
-15%
35
40%
Colac Otway
102
10%
405
30%
14
40%
51
38%
Corangamite
60
-3%
230
26%
2
-67%
16
45%
East Gippsland
229
-18%
963
15%
27
23%
98
26%
Gannawarra
39
0%
172
14%
4
100%
11
83%
Glenelg
83
-17%
366
11%
4
-33%
28
56%
Golden Plains
73
14%
278
-8%
0
na
2
-67%
Greater Bendigo
515
5%
2,282
2%
86
25%
396
18%
Greater Geelong
1,333
-13%
6,183
15%
268
0%
1,163
32%
Greater Shepparton
299
22%
1,176
0%
45
13%
186
56%
Regional Victoria Q2/26
Hepburn
86
28%
289
4%
0
na
10
-33%
Horsham
108
35%
398
4%
18
80%
69
57%
Indigo
63
47%
199
9%
5
25%
16
23%
Latrobe (Vic.)
410
-12%
2,096
32%
63
-3%
278
61%
Macedon Ranges
126
-18%
615
3%
17
-15%
108
42%
Mansfield
39
15%
149
16%
4
-33%
18
29%
Mildura
261
-7%
1,196
5%
42
27%
177
0%
Mitchell
224
-9%
1,056
19%
17
-32%
90
6%
Moira
132
0%
511
22%
24
-4%
76
15%
Moorabool
132
-11%
635
3%
15
7%
74
17%
Mount Alexander
74
6%
325
19%
4
-20%
16
-11%
Moyne
41
-9%
188
11%
2
-50%
9
80%
Murrindindi
77
18%
271
32%
2
100%
15
-6%
Northern Grampians
60
15%
196
2%
5
0%
17
13%
South Gippsland
111
-8%
470
11%
12
100%
44
33%
Southern Grampians
63
0%
281
24%
3
-63%
27
93%
Strathbogie
37
-26%
183
16%
4
-33%
19
90%
Surf Coast
129
-8%
573
-1%
15
-46%
97
28%
Swan Hill
77
31%
282
5%
6
-14%
28
40%
Wangaratta
134
16%
506
16%
8
0%
50
-19%
Warrnambool
153
-4%
639
8%
22
38%
93
9%
Wellington
201
-19%
935
35%
22
-21%
109
24%
Wodonga
206
3%
895
5%
26
13%
134
-8%
4
Source: McGrath Research, Cotality
Residential sales Update
Sales velocity
Spring/26
-14 days
Average days on the market Regional Victoria
Regional Victoria homes are taking less time to sell than one year ago. Residential homes averaged 51 days on market in Q2/26, from the time they were listed, to the day they went under contract. This average duration was 55 days the quarter before (-4 days) and 66 days one year ago (-14 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 48 days on average, to sell a home.
Source: McGrath Research
New listings Regional Victoria
+15.0%
Total listings Regional Victoria
More Regional Victoria homes have been newly listed for sale than this time last year. Newly advertised listings in Regional Victoria were 15.0% higher in the month of June 2026 than the equivalent period last year, according to Cotality. This change in new listings trended above the Australian average of 2.1% and above the 2.3% across Australian capital cities.
-3.0%
Overall, the total number of homes listed for sale in Regional Victoria is down on last year. Regional Victoria's total number of listings in the month of June 2026 were 3.0% below 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 Victoria, Q2/26
Houses
Apartments
Residential
Number of days homes on market
53 days
40 days
51 days
Change from a quarter ago
-3 days
-5 days
-4 days
Change from a year ago
-14 days
-19 days
-14 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
Alpine
100 days
+10 days
-8 days
83 days
-31 days
+14 days
Ararat
31 days
-2 days
-26 days
22 days
-33 days
-83 days
Ballarat
32 days
-3 days
-22 days
23 days
-6 days
-33 days
Bass Coast
73 days
-9 days
-17 days
79 days
-3 days
+7 days
Baw Baw
44 days
-6 days
-7 days
40 days
-4 days
-11 days
Benalla
34 days
-3 days
-12 days
31 days
0 days
-23 days
Campaspe
84 days
+18 days
+15 days
56 days
+2 days
+8 days
Central Goldfields
53 days
-6 days
-74 days
37 days
-15 days
-55 days
Colac Otway
54 days
+0 days
-16 days
29 days
-8 days
-35 days
Corangamite
46 days
+1 day
+2 days
na
na
na
East Gippsland
84 days
-8 days
-11 days
62 days
-6 days
-18 days
Gannawarra
73 days
-8 days
+1 day
na
na
na
Glenelg
51 days
-9 days
-26 days
26 days
-38 days
-43 days
Golden Plains
35 days
-25 days
-35 days
na
na
na
Greater Bendigo
32 days
+2 days
-10 days
25 days
+2 days
-15 days
Regional Victoria Q2/26
Greater Geelong
34 days
-4 days
-15 days
34 days
-1 day
-23 days
Greater Shepparton
60 days
+9 days
-2 days
51 days
+3 days
-8 days
Hepburn
92 days
+11 days
0 days
na
na
na
Horsham
19 days
-6 days
-15 days
40 days
+2 days
-1 day
Indigo
54 days
-11 days
-18 days
na
na
na
Latrobe (Vic.)
45 days
-10 days
-16 days
43 days
-2 days
-20 days
Macedon Ranges
47 days
-5 days
-38 days
41 days
-20 days
-33 days
Mansfield
74 days
+2 days
-48 days
114 days
+46 days
+50 days
Mildura
26 days
+5 days
+0 days
19 days
-1 day
-7 days
Mitchell
50 days
-8 days
-19 days
51 days
-5 days
-23 days
Moira
90 days
+4 days
-3 days
76 days
-39 days
-60 days
Moorabool
47 days
-4 days
-18 days
26 days
-9 days
-22 days
Mount Alexander
72 days
-24 days
-17 days
na
na
na
Moyne
55 days
-10 days
-23 days
na
na
na
Murrindindi
84 days
-9 days
+14 days
na
na
na
Northern Grampians
71 days
+13 days
+15 days
na
na
na
South Gippsland
82 days
+5 days
-9 days
52 days
-27 days
-32 days
Southern Grampians
28 days
-19 days
-42 days
na
na
na
Strathbogie
54 days
+1 day
-15 days
52 days
-63 days
days
Surf Coast
72 days
+2 days
-21 days
56 days
+10 days
-24 days
Swan Hill
36 days
+0 days
-4 days
39 days
0 days
-5 days
Wangaratta
22 days
-6 days
-22 days
24 days
0 days
-7 days
Warrnambool
23 days
-9 days
-15 days
28 days
-4 days
-8 days
Wellington
65 days
-2 days
-12 days
42 days
-10 days
-26 days
Wodonga
30 days
-5 days
-13 days
27 days
-4 days
-12 days
6
Source: McGrath Research, Cotality
Residential prices Update
Average price
Spring/26
$705,000
Tracking average prices Regional Victoria
Regional Victoria residential property prices have trended lower than a year ago. Prices across Regional Victoria fell by 3.2% in the year ending Q2/26, with a 0.9% increase recorded in the most recent quarter. As a result, the average residential value reached $705,000. 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 8.3% over the past five years.
Source: McGrath Research
Price outlook
+2%
Forecast for average prices Regional Victoria
Looking ahead, Regional Victoria residential prices are likely to rise over the coming year. McGrath Research forecast Regional Victoria residential property prices to increase by 2% at the end of 2026, followed by a further 1% 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 Victoria, Q2/26
Houses
Apartments
Residential
Average price
$732,400
$503,400
$705,000
Change from a quarter ago
1.3%
-3.7%
0.9%
Change from a year ago
-3.7%
5.2%
-3.2% 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
Alpine
$1,071,500
6.1%
9.0%
$500,600
-27.1%
-14.7%
Ararat
$504,200
-6.7%
13.1%
$386,500
4.1%
2.1%
Regional Victoria Q2/26
Ballarat
$775,500
3.0%
4.2%
$495,000
5.5%
18.8%
Bass Coast
$858,200
-1.7%
-2.8%
$517,900
-0.9%
-5.2%
Baw Baw
$830,100
-6.0%
-12.7%
$546,600
0.9%
9.4%
Benalla
$767,900
6.5%
-27.6%
$383,400
-38.5%
-13.8%
Campaspe
$683,800
1.7%
27.9%
$443,000
3.0%
-12.6%
Central Goldfields
$538,600
6.0%
10.3%
$382,200
16.6%
7.9%
Colac Otway
$826,500
-0.4%
-26.8%
$467,900
14.0%
8.4%
Corangamite
$691,000
7.0%
-15.5%
$569,400
35.1%
15.8%
East Gippsland
$626,500
10.8%
0.3%
$429,300
3.2%
15.8%
Gannawarra
$435,100
1.4%
25.2%
$334,800
-0.2%
1.1%
Glenelg
$563,500
-2.2%
10.5%
$380,000
32.9%
15.1%
Golden Plains
$1,123,600
5.6%
10.2%
$465,900
8.5%
-11.5%
Greater Bendigo
$735,800
0.6%
2.1%
$525,400
-2.6%
13.9%
Greater Geelong
$932,000
-0.9%
0.7%
$593,500
-2.1%
2.5%
Greater Shepparton
$659,300
-1.8%
-6.7%
$494,200
4.0%
-10.1%
Hepburn
$924,400
3.6%
-8.8%
$730,900
-2.5%
20.6%
Horsham
$495,600
-8.8%
0.8%
$416,600
0.9%
1.4%
Indigo
$981,400
6.2%
-6.8%
$483,500
-34.7%
1.5%
Latrobe (Vic.)
$790,200
-5.9%
-11.7%
$472,600
5.8%
27.0%
Macedon Ranges
$1,224,800
-5.9%
-11.5%
$745,200
-1.3%
4.9%
Mansfield
$931,800
-1.9%
-0.6%
$496,800
-23.3%
1.1%
Mildura
$412,300
3.2%
-10.5%
$376,400
-5.8%
5.4%
Mitchell
$955,400
9.8%
0.2%
$488,600
-25.9%
-1.8%
Moira
$554,300
10.0%
-24.7%
$450,800
3.5%
4.9%
Moorabool
$862,500
-0.8%
3.2%
$553,500
12.0%
6.4%
Mount Alexander
$876,500
-2.0%
3.5%
$699,400
0.7%
18.1%
Moyne
$651,700
3.1%
-9.2%
$502,900
10.2%
-7.5%
Murrindindi
$870,000
5.1%
-0.8%
$572,200
-23.0%
7.7%
Northern Grampians
$495,900
-11.5%
0.2%
$345,900
-1.5%
-7.8%
South Gippsland
$898,800
-1.9%
1.0%
$535,600
-4.1%
6.0%
Southern Grampians
$568,500
5.1%
5.7%
$410,100
27.8%
16.6%
Strathbogie
$857,900
5.0%
-6.1%
$440,500
-22.2%
-1.2%
Surf Coast
$1,932,700
-2.5%
-7.2%
$815,800
-4.1%
-8.2%
Swan Hill
$389,600
-1.7%
21.0%
$429,600
2.1%
15.0%
Wangaratta
$920,600
15.8%
-15.0%
$457,100
-28.0%
-5.1%
Warrnambool
$742,600
4.0%
6.1%
$536,500
19.9%
8.6%
Wellington
$653,100
0.1%
-13.1%
$452,400
3.1%
17.4%
Wodonga
$947,200
5.9%
9.3%
$493,900
-28.2%
4.0%
8
Source: McGrath Research, Cotality
Residential rents Update
Vacancy
Spring/26
2.4%
Residential rental vacancy Regional Victoria
The number of residential rental homes in Regional Victoria is currently undersupplied. Regional Victoria rental vacancy was recorded at 2.4% at the end of Q2/26, rising 10 bps in the quarter whilst rising 50 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 Victoria residential rental vacancy has averaged 1.9%.
Source: McGrath Research
Yield
-17 bps
Gross rental yield Regional Victoria
Regional Victoria gross rental yields have trended lower over the past year. Residential yields fell 5 bps in the Q2/26 quarter to be 4.35% across Regional Victoria, whilst 17 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. Regional Victoria gross rental yields have averaged 4.18% over the past five years.
Source: McGrath Research
Regional Victoria, Q2/26
Houses
Apartments
Residential
Gross rental yield
4.26%
4.98%
4.35%
Change from a quarter ago
-6 bps
-3 bps
-5 bps
Change from a year ago
-20 bps
+6 bps
-17 bps Source: McGrath Research
9
Residential rents Update
Average weekly rent
Spring/26
$510
Tracking average weekly rents Regional Victoria
Residential rents across Regional Victoria trended above the weekly rate recorded a year ago. Regional Victoria rents rose 1.0% in Q2/26, whilst increasing 5.2% over the past year, to stand at an average $510 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 Victoria rents grew an average 6.7% per annum.
Source: McGrath Research
Rental outlook
+4%
Forecast for average rents Regional Victoria
The Regional Victoria residential market is continuing to experience upward pressure on weekly rents. McGrath Research forecast Regional Victoria rents to rise 4% at the end of 2026, with a further 5% 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 Victoria, Q2/26
Houses
Apartments
Residential
Average weekly rent
$520
$435
$510
Change from a quarter ago
1.0%
0.0%
1.0%
Change from a year ago
5.1%
7.4%
5.2% 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
Alpine
$555
3.7%
8.8%
$505
27.8%
40.3%
Ararat
$420
5.0%
7.7%
$350
0.0%
2.9%
Ballarat
$445
0.0%
4.7%
$385
2.7%
4.1%
Bass Coast
$500
1.0%
2.0%
$435
4.8%
-1.1%
Baw Baw
$540
1.9%
5.9%
$425
0.0%
9.0%
Benalla
$495
3.1%
7.6%
$380
0.0%
0.0%
Regional Victoria Q2/26
Campaspe
$565
2.7%
-2.6%
$985
3.7%
123.9%
Central Goldfields
$400
3.9%
5.3%
$350
9.4%
9.4%
Colac Otway
$520
1.0%
4.0%
$410
-8.9%
-5.7%
Corangamite
$420
0.0%
3.7%
na
na
na
East Gippsland
$625
-3.8%
-9.4%
$375
1.4%
1.4%
Gannawarra
$360
2.9%
16.1%
na
na
na
Glenelg
$475
5.6%
2.2%
$400
0.0%
3.9%
Golden Plains
$545
2.8%
5.8%
na
na
na
Greater Bendigo
$530
1.9%
6.0%
$450
1.1%
9.8%
Greater Geelong
$545
0.9%
6.9%
$460
-1.1%
3.4%
Greater Shepparton
$560
5.7%
4.7%
$380
-1.3%
4.1%
Hepburn
$520
4.0%
10.6%
na
na
na
Horsham
$450
0.0%
12.5%
$370
2.8%
8.8%
Indigo
$525
0.0%
4.0%
$385
1.3%
6.9%
Latrobe (Vic.)
$445
0.0%
2.3%
$325
1.6%
4.8%
Macedon Ranges
$615
0.0%
3.4%
$495
1.0%
2.1%
Mansfield
$600
0.0%
3.4%
$530
8.2%
1.0%
Mildura
$470
0.0%
8.0%
$380
-2.6%
0.0%
Mitchell
$480
0.0%
3.2%
$420
2.4%
3.7%
Moira
$520
2.0%
10.6%
$380
-1.3%
8.6%
Moorabool
$510
2.0%
7.4%
$450
0.0%
7.1%
Mount Alexander
$530
1.0%
7.1%
$440
2.3%
11.4%
Moyne
$510
0.0%
3.0%
$430
-2.3%
-4.4%
Murrindindi
$445
1.1%
0.0%
$345
na
na
Northern Grampians
$415
3.8%
3.8%
$290
9.4%
13.7%
South Gippsland
$450
-1.1%
5.9%
na
na
na
Southern Grampians
$390
0.0%
0.0%
$355
0.0%
na
Strathbogie
$500
4.2%
7.5%
$365
-27.0%
7.4%
Surf Coast
$675
2.3%
7.1%
$660
-2.2%
9.1%
Swan Hill
$510
2.0%
4.1%
$380
5.6%
8.6%
Wangaratta
$500
0.0%
4.2%
$390
0.0%
4.0%
Warrnambool
$615
0.0%
7.0%
$460
2.2%
4.5%
Wellington
$475
2.2%
-2.1%
$390
0.0%
9.9%
Wodonga
$600
0.8%
4.3%
$430
3.6%
10.3%
11
Source: McGrath Research, Cotality
Definitions
Regional Victoria Regional Victoria refers to the area outside of ‘Greater Melbourne’ or ‘Rest of State’ for Victoria 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.