National Housing Market Update | July 2026

Australia's housing market weakened in June 2026, with the National Home Value Index falling 0.4% for the third consecutive month, driven by affordability constraints, interest rate increases, and policy changes that dampened investor demand; capital cities like Sydney (-1.2%), Melbourne (-1%), and ACT (-0.6%) experienced declines while mid-size capitals showed mixed results, and rental markets remained tight with annual growth at 5.9% due to critically low vacancy rates of 1.6%.