Perth booming, Brisbane selling in days — but cracks are forming in Australia’s property market
Strong migration and tight supply are still pushing prices and rents higher across Australia, but rising interest rates and weakening developer confidence are starting to reshape market momentum.
Is Melbourne poised to become the golden child of the national property market? (Image source: Super8/Shutterstock.com)
Perth is still leading the country on price growth, Brisbane is selling homes in a week, and Sydney is within a whisker of its all-time peak. But rising rates, softening developer confidence, and a first home buyer scheme losing steam are reshaping the investment calculus.
Australia’s property markets have entered 2026 with a familiar set of conditions — tight supply, strong migration, and price growth that continues to outpace many forecasters’…
