February '26 Update
Australian monthly price index
Published 02/02/26 · Past updates ↰
/// EXPERIMENTAL ///
This is a new index model, we are still fully evaluating the results
Suggested reading: Our Core Index Set, The Distribution Model, The Geometric Mean for Property Price Indices
Model inputs are supplied under licence
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Capital Cities Overview
The capital cities, with the exception of Hobart continue to show consistent positive movement for both house and unit markets. Perth units have seen the most sustained growth over the past 12 months at 20%, closely followed by houses in Darwin and Perth. House prices in Perth, Brisbane, and Adelaide have all nearly doubled in the past 5 years.
There has been some notable reshuffling in the price hierarchy among the capital cities. Brisbane house prices exceeded Melbourne's from circa November 2024, and Perth appears poised to do the same in 2026. This followed Brisbane unit prices rising above Canberra and Melbourne unit prices in early 2024. Adelaide units also surpassed Melbourne units in late 2025.
Regional Centres
Year-on-year growth for all of our key regional indices is currently positive. WA is showing the strongest growth on a five-year basis for both houses and units (Geraldton, Bunbury and Busselton), alongside Townsville (QLD) for houses. The Gold Coast and Sunshine Coast maintain their position as the highest-value regional centres for both houses and units.
Capital City SA4s
The fastest growth for house prices in the past five years has been in North Adelaide followed by South East Perth. For units, it is North Adelaide, followed by North East Perth.
On a 1-year basis, the strongest growth was in Perth SA4s (excluding Inner Perth) and Darwin, with growth in the past 12 months at or above 18% for both houses and units. The slowest growth was observed in the three Inner Melbourne SA4s, with units showing 12-month growth below 1%.