01/06/2026
Australian Property Market Update β May 2026 π‘
The latest data shows a mixed month for Australian property markets, with some cities pausing after strong growth while others continue to push higher.
πΉ Monthly Performance
π Adelaide and Darwin led the capital cities in May, both recording +0.3% growth, while Brisbane remained positive at +0.1%.
π Sydney and Melbourne both slipped -0.2% for the month, while Perth recorded a minor -0.1% decline after its exceptional growth run.
πΉ Annual Performance
π Perth remains Australia's top-performing capital city with an impressive 20.6% annual growth.
π Darwin continues its resurgence, recording 17.6% annual growth.
π΄ Brisbane remains one of the strongest markets in the country, delivering 16.4% annual growth.
π Adelaide continues to quietly outperform, posting 13.4% annual growth over the past year.
Meanwhile, Sydney (2.3%) and Melbourne (0.3%) continue to lag as affordability challenges and higher holding costs weigh on demand.
π‘ The key takeaway: While monthly growth is moderating in some markets, the strongest-performing cities continue to be those benefiting from population growth, infrastructure investment, housing shortages, and strong rental demand.
The opportunities are still thereβit's all about being in the right market. π‘π
Source: PropTrack