How Have Australia's Capital City Property Markets Performed Over the Past 3 Months?
Let's zoom out and look at the Australian property market from a macro perspective.
According to June 2026 data, Australia's capital city median dwelling prices compare as follows with March 2026:
* Sydney: $1,267,000 (down 2.1% from $1,294,000)
* Melbourne: $804,000 (down 2.3% from $823,000)
* Brisbane: $1,130,000 (up 3.4% from $1,093,000)
* Perth: $1,066,000 (up 4.8% from $1,017,000)
* Adelaide: $956,000 (up 2.8% from $930,000)
* Canberra: $889,000 (down 0.5% from $894,000)
* Hobart: $758,000 (up 2.4% from $740,000)
* Darwin: $644,000 (up 5.2% from $612,000)
The latest data highlights a mixed market.
Sydney, Melbourne and Canberra recorded modest declines over the past three months, while Brisbane, Perth, Adelaide, Hobart and Darwin continued to post price growth. Perth and Darwin led the capital cities over the period, with Brisbane and Adelaide also delivering solid gains.
The softer conditions in some markets may reflect a combination of:
* Higher interest rates
* Ongoing economic uncertainty
* The announced changes to CGT and negative gearing
With Perth, Brisbane and Adelaide having delivered exceptional growth in recent years, some investors may be considering whether it's time to lock in gains. At the same time, the moderation in Sydney and Melbourne may present opportunities to secure quality properties at more attractive prices.
Property markets move in cycles, and some of the best opportunities often emerge when sentiment is subdued. The key is to make informed decisions using reliable data rather than relying on headlines.
PropertyDirector's PropertyFinder and comprehensive research tools make it easy to identify investment opportunities across Australia using powerful suburb-level insights and market data.
Learn more: www.propertydirector.com.au/choose-plan
Which capital city do you think offers the best investment opportunity over the next few years?
