Median house prices around Australia: March 2026

Property is one of Australia's favourite investment vehicles, and no wonder. Previous Your Mortgage analysis found house prices rose by more than 1,400% over the 44 years to October 2024.

Property values have been influenced by a variety of factors in recent times, including rising and falling interest rates, supply shortages, and shifting buyer demand.

So, where does that leave house prices across Australia right now? Keep scrolling as we dive into the latest dwelling value data, courtesy of Cotality.

What's Australia's median house price in March 2026?

As of the end of February 2025, the median house price in Australia stands at $1,005,418, according to Cotality data.

However, house prices can vary significantly depending on location, particularly between major cities and regional areas. Across the eight state and territory capital cities, the median house price currently sits at $1,155,325, with Sydney leading the market and Darwin having the most affordable prices among the capitals.

In contrast, the combined median house price for regional areas across the country is $767,284, reflecting more affordable options outside of major metropolitan hubs.

What's Australia's median unit price in March 2026?

As the end of February 2026, the median price of a unit, apartment, or townhouse across Australia stood at $741,404, according to Cotality data.

The composition of unit markets varies across the country, with higher concentrations typically found in major cities where population density is greater. Consequently, unit prices tend to be higher in urban areas compared to regional locations.

Currently, the median unit price in capital cities is $757,503 while in regional areas, it sits at $661,162.

Units remain an attractive option for both investors and first home buyers due to their relative affordability compared to houses, with demand particularly strong in metropolitan markets.

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Median house prices in Sydney

Greater Sydney's property market remains one of the most expensive in Australia, with a median house price of $1,607,046 and a median unit price of $903,080. Combined, the city's median dwelling price sits at $1,296,039.

While this is flat compared to February 2026, Sydney property values have seen a 31.1% increase over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are St Marys (+14.9%), Merrylands-Guildford (+14.4%), and Mount Druitt (+13.4%).

Median house prices in Melbourne

In recent times, Greater Melbourne's property market has underperformed those of many other Australian capital cities, currently boasting a median house price of $977,579 and a median unit price of $642,431. Combined, the city's median dwelling price sits at $826,132.

While this is flat compared to February 2026, Melbourne property values have increased by 11.8% over the past five years, considerably less than other capital cities.

Among the suburbs experiencing the fastest price growth in the past 12 months are Frankston (+12.9%), Brimbank (+10.3%), and Sunbury (+8.5%).

Median house prices in Brisbane

Greater Brisbane's property market continues to grow steadily, with a median house price of $1,175,981 and a median unit price of $844,844. Combined, the city's median dwelling price sits at $1,080,538.

This represents a 1.6% increase compared to February 2026, with Brisbane property values rising by 86.1% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Springwood-Kingston (+23.9%), Rocklea - Acacia Ridge (+21.1%),  and Centenary (+21%).

Median house prices in Adelaide

Greater Adelaide's property market remains strong, with a median house price of $980,815 and a median unit price of $675,818. Combined, the city's median dwelling price sits at $922,991.

This reflects a 1.3% increase compared to February 2026, with Adelaide property values surging by 79.9% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Salisbury (15.7%), Tea Tree Gully (+13.6%), and Adelaide Hills (+13.6%).

Median house prices in Perth

Greater Perth's property market continues to grow, albeit a little slower than it was previously, with a median house price of $1,032,032 and a median unit price of $725,951. Combined, the city's median dwelling price sits at $989,211.

This represents a 2.3% increase compared to February 2026, with Perth property values rising by 90.3% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Serpentine - Jarrahdale (+28.9%), Armadale (+28.6%), and Belmont - Victoria Park (+27.1%).

Median house prices in Hobart

Hobart's property market has softened, with a median house price of $779,059 and a median unit price of $574,204. Combined, the city's median dwelling price sits at $728,815.

This reflects a 1.2% increase compared to February 2026, with Hobart property values rising by 25.5% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Hobart - North West (+13.4%), Hobart - North East (+8.7%), and Sorell - Dodges Ferry (+7.4%).

Median house prices in Canberra

The ACT capital's property market has remained relatively stable of late, with the territory commanding a median house price of $1,051,977 and a median unit price of $598,440. Combined, its median dwelling price sits at $903,374.

This reflects a 0.8% increase compared to February 2026, with Canberra property values rising by 25.2% over the past five years.

Among the ACT suburbs experiencing the fastest price growth in the past 12 months are Tuggeranong (+8.7%), Weston Creek (7.6%), and Belconnen (+7.3%).

Median house prices in Darwin

Greater Darwin's property market remains relatively affordable, with a median house price of $709,975 and a median unit price of $442,985. Combined, the city's median dwelling price sits at $602,284.

This reflects a 0.2% increase compared to February 2026, with Darwin property values rising 35.2% over the past five years.

Among the areas experiencing the fastest price growth in the past 12 months are Palmerston (+27.3%), Darwin Suburbs (+19.5%), and Darwin City (+12.7%).

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