June 2026

The Australian property market is navigating a shift in momentum, with the national median house price holding flat at $1.03 million, while units edged up 0.3% over the month to reach $753,000 (representing a 7.3% annual increase).

Following the initial spike in the first half of the year, listings activity has begun to moderate. This cooling trend reflects a more cautious environment as the market digests the cumulative effects of three interest rate rises on buyer borrowing capacity, alongside added layers of policy uncertainty introduced by the recent Federal Budget’s announcements regarding negative gearing and Capital Gains Tax (CGT).

As a result, negotiation conditions are shifting. Auction clearance rates indicate that buyers currently hold more leverage than at any point over the past two years. While vendors entering the market can no longer rely on the intense competitive tension of 2025, the market continues to show remarkable adaptability, stabilizing into a balanced environment where transactional activity holds its ground despite external economic headwinds.

Read the June 2026 Ray White Now report:Click the image below to read the full report.

Thinking of selling or curious about your property’s value in the current climate? Contact the Ray White Carlingford team today for an up-to-date market appraisal.