Median house prices around Australia: February 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. Experts suggest price growth may have peaked, with expectations of a more gradual increase moving forward.

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 (formerly CoreLogic).

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

As of the end of January 2025, the median house price in Australia stands at $993,817, 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 $1,140,454, 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 $759,883, reflecting more affordable options outside of major metropolitan hubs.

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

As the end of November 2025, the median price of a unit, apartment, or townhouse across Australia stood at $733,491, 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 $749,446 while in regional areas, it sits at $655,427.

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.

Low-rate home loan deals

In the market for your first or next home or investment? Make sure you get the best home loan deal available to you! Check out some of the market's most competitive home loans below:

Important Information and Comparison Rate Warning

Median house prices in Sydney

Greater Sydney's property market remains one of the most expensive in Australia, with a median house price of $1,598,819 and a median unit price of $903,210. Combined, the city's median dwelling price sits at $1,290,537.

While this reflects a 0.2% increase compared to January 2025, Sydney property values have seen a 35% increase over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Merrylands-Guildford (+14.9%), St Marys (+14.2%), and Canterbury (+12.7%).

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 $989,356 and a median unit price of $639,145. Combined, the city's median dwelling price sits at $830,371.

While this reflects a 0.1% increase compared to Deccember 2025, Melbourne property values have increased by 14.9% 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 (+14.3%), Brimbank (+10%), and Kingston (+8.8%).

Median house prices in Brisbane

Greater Brisbane's property market continues to grow steadily, with a median house price of $1,149,589 and a median unit price of $824,764. Combined, the city's median dwelling price sits at $1,054,555.

This represents a 1.6% increase compared to January 2025, with Brisbane property values rising by 87.2% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Springwood-Kingston (+22.4%), Sunnybank (+20.1%),  and Ipswich Inner (+19.1%).

Median house prices in Adelaide

Greater Adelaide's property market remains strong, with a median house price of $972,435 and a median unit price of $666,814. Combined, the city's median dwelling price sits at $914,203.

This reflects a 1.2% increase compared to January 2025, with Adelaide property values surging by 79% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Salisbury (13.1%), Gawler - Two Wells (+12.9%), and Adelaide Hills (+12.8%).

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 $1,003,804 and a median unit price of $699,814. Combined, the city's median dwelling price sits at $961,898.

This represents a 2% increase compared to December 2025, with Perth property values rising by 89.2% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Serpentine - Jarrahdale (+24.3%), Armadale (+23.7%), and Belmont - Victoria Park (+22.2%).

Median house prices in Hobart

Hobart's property market has softened, with a median house price of $766,602 and a median unit price of $576,832. Combined, the city's median dwelling price sits at $722,339.

This reflects a 0.5% increase compared to January 2025, with Hobart property values rising by 26.9% over the past five years.

Among the suburbs experiencing the fastest price growth in the past 12 months are Hobart - North West (+11%), Hobart - North East (+7.7%), and Hobart - South and West (+7.1%).

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 $1,033,761 and a median unit price of $592,009. Combined, its median dwelling price sits at $884,844.

This reflects a 0.3% increase compared to January 2025, with Canberra property values rising by 26.7% over the past five years.

Among the ACT suburbs experiencing the fastest price growth in the past 12 months are Tuggeranong (+7%), Belconnen (+6.8%), and Molonglo (+6.8%).

Median house prices in Darwin

Greater Darwin's property market remains relatively affordable, with a median house price of $715,084 and a median unit price of $440,758. Combined, the city's median dwelling price sits at $602,870.

This reflects a 1.5% increase compared to January 2025, with Darwin property values rising 36.7% over the past five years.

Among the areas experiencing the fastest price growth in the past 12 months are Palmerston (+27.5%), Darwin Suburbs (+18.7%), and Darwin City (+14.4%).

_{Image by Martin David on Unsplash}