03/03/2026
Capital City Home Prices Smash the $1 Million Mark! 🚀🏠
The latest PropTrack Home Price Index for February 2026 is out, and the Australian property market is showing no signs of slowing down. For the first time ever, the combined capital city median home value has officially crossed $1,000,000!
Here are the key takeaways you need to know:
📈 National Growth: Home prices rose 0.5% in February alone, sitting 9.1% higher than this time last year.
💰 Record Highs: The national median home value is now $897,000.
🏆 Top Performers: Hobart led the monthly charge with a 1.0% jump, while Perth remains the annual powerhouse with a massive 19.5% increase.
🏙️ Units vs. Houses: While growth is steady across the board, buyers are shifting toward units for better affordability as borrowing capacity tightens.
🌳 Regional Resilience: Regional markets are still outpacing the capitals over the long term, up 10.5% year-on-year.
Despite the recent RBA rate rise, tight supply and high demand are keeping the floor under prices. It’s a "sellers' market" in many parts of the country, especially in Perth, Brisbane, and Adelaide.
Are you looking to make a move in this record-breaking market? Check out the full report here: "https://www.realestate.com.au/insights/proptrack-home-price-index-february-2026/?campaignType=external&campaignChannel=push&campaignSource=braze&campaignName=insights&campaignContent=hpi"
🔑🔑Buying or Investing? Let Narla Settlements Handle the Rest! 🔑🔑
With property prices reaching record highs, you need a settlement team you can trust to get the job done right. Whether you’re securing your first home or adding a high-growth asset to your investment portfolio, Narla Settlements provides seamless, expert conveyancing services to ensure your transition is stress-free.
Don’t leave your biggest investment to chance. Contact Narla Settlements today for a smooth path to your new property!
