Data Shows Australian Property Market in Broad Cooling Across States

Australia's property market entered a cooling phase in the first half of 2026, with median days on market rising from 27 days in November 2025 to 42 days by June 2026 and auction clearance rates falling below 50% nationally.

1. National auction clearance rates fell below 50% during the four weeks ending July 12, 2026, according to Cotality data cited by ABC News.

2. The app Homer tracked 144,772 property listings and found that 25.5% of these properties issued a second, lower price guide.

3. Median days on market reached 42 days in June 2026, marking an increase from 33 days in May 2026 and 27 days in November 2025.

4. Enquiry traffic on the realestate.com platform is 50% lower than the levels recorded prior to the federal budget.

5. Buyers in combined Australian capital cities paid 3.6% less than the original asking price for private treaty purchases during the three months leading up to July 2026.

1. The Australian Capital Territory (ACT) faces the highest share of active listings with lowered price guides at 37.3%, followed by Queensland at 27.3% and New South Wales at 27.1%.

2. Nearly 20% of scheduled auctions were withdrawn in the week ending June 21, 2026, with 40% of vendors choosing to sign contracts before their scheduled auction day, per ABC News.

3. Gerard Burg of Cotality predicts the current property market downturn will continue for at least the next six months.