
🏡 Australia’s median house price reached $973,000 in January 2026, maintaining strong momentum with a 0.8 per cent monthly increase and 12.5 per cent annual growth. The unit market demonstrated similar resilience, with the national median climbing to $746,000 after recording 0.8 per cent monthly growth and 9.2 per cent year-on-year gains. This sustained price growth across both property types underscores the persistent strength of housing demand heading into the new year, even as the national house median approaches the psychologically significant $1 million threshold.
🏡 The Reserve Bank’s decision to raise the cash rate by 0.25 percentage points in February, responding to re-accelerated inflation and continued economic strength, is expected to moderate price growth momentum in coming months as borrowing capacity becomes more constrained. However, with underlying housing supply shortages unresolved, any cooling in price growth is likely to be gradual rather than abrupt.
Read the full report at the link – Ray White Now February 2026