Australia’s Cotality Home Value Index was unchanged in May 2026, after rising 0.3% in the previous month. The latest reading marked the weakest monthly result in a year as the housing cycle continued to lose momentum across most markets. The slowdown had been building for some time and was further reinforced by higher borrowing costs, ongoing geopolitical uncertainty linked to the Middle East conflict, and new tax measures announced in the Federal Budget, all of which have tightened affordability and reduced serviceability for borrowers. Sydney and Melbourne led the downturn, with dwelling values falling 0.9% and 0.8%, respectively, leaving values 2.1% and 2.9% below their cyclical highs reached in November 2025. Elsewhere, home prices continued to rise, albeit at a slower pace. Perth and Darwin recorded the strongest monthly gains at 1.5%, followed by Brisbane and Hobart at 0.9%, while Adelaide advanced 0.5%. source: Cotality, Australia

CoreLogic Dwelling Prices MoM in Australia decreased to 0 percent in May from 0.30 percent in April of 2026. CoreLogic Dwelling Prices MoM in Australia averaged 0.51 percent from 1980 until 2026, reaching an all time high of 5.50 percent in June of 1988 and a record low of -2.90 percent in September of 1984. This page includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM. Australia Cotality Dwelling Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

CoreLogic Dwelling Prices MoM in Australia decreased to 0 percent in May from 0.30 percent in April of 2026. CoreLogic Dwelling Prices MoM in Australia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Cotality Dwelling Prices MoM is projected to trend around 0.30 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 02:01 PM
Cotality Dwelling Prices MoM
Apr 0.3% 0.6% 0.5%
2026-05-31 11:40 PM
Cotality Dwelling Prices MoM
May 0% 0.3% 0.0%
2026-06-30 02:01 PM
Cotality Dwelling Prices MoM
Jun 0% 0.5%


Related Last Previous Unit Reference
Average House Prices 1074.70 1046.00 AUD Thousand Dec 2025
Building Permits 16710.00 17307.00 Units Apr 2026
Building Permits MoM -3.40 -10.50 percent Apr 2026
Building Permits YoY 10.20 9.30 percent Apr 2026
Construction Work Done 3.40 0.20 percent Mar 2026
Cotality Dwelling Prices MoM 0.00 0.30 percent May 2026
Home Loans MoM 65315.00 59064.90 AUD Million Dec 2025
Home Ownership Rate 66.00 66.20 percent Dec 2020
Investment Lending for Homes 41537.60 42822.10 AUD Million Mar 2026
Mortgage Rate 5.98 5.93 Percent Apr 2026
Private House Approvals MoM -1.00 0.50 percent Apr 2026
Residential Property Prices 7.82 5.02 Percent Dec 2025


Australia Cotality Dwelling Prices MoM
In Australia, the Cotality Home Value Index aims to measure month to month movements in the value of Australian housing markets. Rather than relying solely on transacted sale prices to provide a measure of housing market conditions, the Cotality Home Value Index is based on a ‘hedonic’ methodology which includes the attributes of properties that are transacting as part of the analysis. The Home Values Index provides monthly capital growth measurements across three broad housing types: detached houses, units and a combined dwellings index that includes both houses and units. The Index results are released on the last working day of each month and are available on a subscription basis.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.30 5.50 -2.90 1980 - 2026 percent Monthly
NSA

News Stream
Australia Home Prices Stall in May
Australia’s Cotality Home Value Index was unchanged in May 2026, after rising 0.3% in the previous month. The latest reading marked the weakest monthly result in a year as the housing cycle continued to lose momentum across most markets. The slowdown had been building for some time and was further reinforced by higher borrowing costs, ongoing geopolitical uncertainty linked to the Middle East conflict, and new tax measures announced in the Federal Budget, all of which have tightened affordability and reduced serviceability for borrowers. Sydney and Melbourne led the downturn, with dwelling values falling 0.9% and 0.8%, respectively, leaving values 2.1% and 2.9% below their cyclical highs reached in November 2025. Elsewhere, home prices continued to rise, albeit at a slower pace. Perth and Darwin recorded the strongest monthly gains at 1.5%, followed by Brisbane and Hobart at 0.9%, while Adelaide advanced 0.5%.
2026-05-31
Australia Home Price Growth Slowest in Nearly a Year
Australia’s CoreLogic Home Value Index rose by 0.3% in April 2026, slowing from a 0.6% increase in March and marking the weakest growth in nearly a year. Higher borrowing costs and the Middle East conflict pushed Sydney and Melbourne into outright declines, with both cities seeing a 0.6% drop as more properties entered the market. The Reserve Bank of Australia has raised interest rates twice this year, in February and March, to 4.1%, reversing two of last year’s three cuts to curb inflation. Other capital cities saw slower but steady growth: Perth prices rose 2.1%, while Brisbane and Adelaide gained 1.1% and 1.2%, respectively, supported by low inventory levels. Demand from first-home buyers continued to drive growth in lower-priced market segments.
2026-04-30
Australian Home Prices Rise at Slower Pace in March
Australia’s Cotality Home Value Index increased by 0.6% in March 2026, down from a 0.7% rise the previous month. This slowdown reflects shifting expectations of further interest rate hikes, which have tempered price growth and reduced market activity. The cooldown was most pronounced in Sydney and Melbourne, where prices dipped by 0.1% and 0.2% respectively, and transaction volumes weakened significantly. Meanwhile, mid-sized capitals continued to see robust growth, with Brisbane (+1.8%), Adelaide (+1.2%), and Perth (+2.5%) leading the gains. As the Reserve Bank of Australia (RBA) signals more rate hikes ahead, the housing market faces growing headwinds, making a rebound in price acceleration unlikely in the near term.
2026-04-01