Home Value Index EMBARGOED media release until 00:01AM, Wednesday 1 April 2026 EMBARGOED: 0:01am, Thursday 1 st May 2026s Sydney and Melbourne navigate the early stages of a downturn while the mid - sized capitals continue to break record highs Cotality’s national home value index rose 0.7% in March , tiers, with lower quartile markets leading the pace. This taking dwelling values 2.1% higher over the first quarter of trend is evident across every capital except Hobart and the year. At the national level, the pace of gains is easing, Canberra, but most pronounced in Sydney where upper reducing from a 2.8% increase in Q4 last year, but housing quartile dwelling values have fallen by 1.8% through the outcomes are increasingly diverse from city to city and March quarter while lower quartile values are 1.8% higher. across the pricing spectrum. “Strength across the lower quartile value tier is tied to The mid - sized capitals, as well as Darwin, are all increased competition for lower priced housing,” Mr recording growth of 1.2% or more on a month - to - month Lawless said. “Serviceability constraints are deflecting basis, while Sydney and Melbourne navigate a subtle buyer demand towards the lower end of the market, decline trend that has been evident since December last competing with a pickup in first home buyers taking year. advantage of stimulus and elevated levels of investor activity.” “Since the end of November 2025, Melbourne values have retreated by - 0.9% and the Sydney market is down - Regional markets are showing some resilience to the 0.4%,” said Tim Lawless, Cotality’s research director. “The slowdown , with values rising 1.1% over the month and softer trend in values coincides with falling auction 3.3% over the quarter, compared with 0.6% month on clearance rates and a pickup in advertised supply, month and 1.8% quarter on quarter rises across the providing buyers with more choice and less urgency at the combined capital cities. Similar to the strength in Perth, negotiation table.” Regional WA stands out with the strongest capital gains. Values are up 2.2% in March to be 6.2% higher over the At the other end of the spectrum, the trend in Perth quarter. home values is showing the opposite trend, accelerating in the face of higher interest rates and lower sentiment. “WA’s Bunbury is leading the pace of gains, with values Housing values across the western capital were up 2.5% jumping 8.4% through the March quarter to be 22.2% in the month of March to be 7.3% higher over the quarter. higher over the past 12 months,” according to Mr Lawless. “In dollar terms, the 7.3% rise in Perth home values over There are some early signs of an easing in purchasing the quarter has added approximately $69,000 to the demand, with Cotality’s estimate of quarterly home median dwelling value,” Mr Lawless said. “Clearly this sales tracking 1.9% lower than a year ago and 5.6% pace of growth is unsustainable, but continues to be down on the five - year average. Given the likelihood of a supported by low supply, with advertised stock levels further rise in cost - of - living pressures and interest rates, tracking about 40% below the five - year average for this alongside a drop in confidence as conflict in the Middle time of the year.” East extends, it’s likely that purchasing demand will continue to reduce over the coming months, supporting a Conditions are also diverging across the broad value further slowdown in housing values. Change in dwelling values Index results as at 31 st March 2026 Month Quarter Annual Total return Median value Sydney - 0.1% - 0.2% 4.8% 8.0% $1,295,387 Melbourne - 0.2% - 0.6% 3.4% 6.9% $828,249 Brisbane 1.8% 5.1% 19.0% 23.0% $1,101,151 Adelaide 1.2% 3.6% 11.4% 15.4% $937,021 Perth 2.5% 7.3% 24.3% 29.3% $1,017,698 Hobart 0.8% 2.5% 7.8% 12.4% $737,742 Darwin 1.6% 3.4% 19.7% 27.3% $618,596 Canberra 0.4% 1.4% 6.1% 10.5% $892,800 Combined capitals 0.6% 1.8% 9.3% 12.9% $1,025,365 Combined regional 1.1% 3.3% 11.7% 16.6% $758,788 National 0.7% 2.1% 9.9% 13.7% $933,137 1 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index Rolling three - month change in dwelling values Change in dwelling values over key time periods State capitals 11% From Peak Past 5 March 9% Geography peak date years quarter 2026 7% Perth , 7.3% Sydney - 0.4% Nov - 25 25.4% - 0.2% 5% Brisbane , 5.1% Melbourne - 1.3% Mar - 22 8.5% - 0.6% 3% Adelaide , 3.6% Hobart , 2.5% Brisbane 85.3% 5.1% 1% Adelaide 79.0% 3.6% Sydney , - 0.2% -1% Melbourne , - 0.6% Perth 91.2% 7.3% -3% Hobart - 2.9% Mar - 22 23.0% 2.5% -5% Darwin 35.5% 3.4% -7% Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Canberra - 0.8% May - 22 22.4% 1.4% Rolling three - month change in dwelling values Combined capitals v Combined regionals Regional NSW 40.9% 2.4% 11% Regional Vic 24.7% 1.8% 9% Regional Qld 73.8% 4.0% 7% Regional SA 76.5% 4.2% 5% Combined Regional WA 89.9% 6.2% regionals , 3.3% 3% Regional Tas 43.4% 5.2% Combined 1% capitals , 1.8% -1% Combined capitals 36.5% 1.8% -3% Combined regionals 53.0% 3.3% -5% National 40.2% 2.1% -7% Mar 16 Mar 18 Mar 20 Mar 22 Mar 24 Mar 26 Change in dwelling values to end of March 2026 Past month Past 3 months Past 12 months Australia 0.7% 2.1% 9.9% Combined regionals 1.1% 3.3% 11.7% Combined capitals 0.6% 1.8% 9.3% Regional Tas 1.9% 5.2% 10.9% Regional WA 2.2% 6.2% 20.4% Regional SA 1.2% 4.2% 11.9% Regional Qld 1.4% 4.0% 14.7% Regional Vic 0.6% 1.8% 8.0% Regional NSW 0.8% 2.4% 8.9% Canberra 0.4% 1.4% 6.1% Darwin 1.6% 3.4% 19.7% Hobart 0.8% 2.5% 7.8% Perth 2.5% 7.3% 24.3% Adelaide 1.2% 3.6% 11.4% Brisbane 1.8% 5.1% 19.0% Melbourne - 0.2% - 0.6% 3.4% Sydney - 0.1% - 0.2% 4.8% 2 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index Annual change in rents, Houses Annual change in rents, Units 28% 28% 24% 24% 20% 20% 16% 16% 12% 12% Darwin , 8.9% Darwin , 9.8% Hobart , 7.1% Perth , 7.1% 8% Brisbane , 6.7% 8% Brisbane , 6.7% Perth , 6.7% Sydney , 5.9% Sydney , 5.9% Melbourne , 4.9% 4% Melbourne , 4.0% 4% Hobart , 3.9% Adelaide , 3.5% Adelaide , 3.7% Canberra , 2.9% Canberra , 2.0% 0% 0% -4% -4% -8% -8% Mar 21 Mar 21 Mar 25 Mar 25 Mar 22 Mar 23 Mar 22 Mar 23 Mar 24 Mar 24 Mar 26 Mar 26 The monthly trend in national rental growth has held Gross rental yields, dwellings around 0.7% over the past three months, taking the quarterly change to 2.1%, the largest three month National 3.6% change in rents since May 2024. Combined regionals 4.2% Combined capitals 3.4% On an annual basis, the national rental index is up 5.7%, the largest annual change since October 2024, adding Regional NT 8.0% approximately $37/week to the median rental rate. Regional Tas 4.4% Most capitals have seen the annual rate of rental Regional WA 5.2% growth accelerating since mid - 2025 amid persistently Regional SA 4.4% low vacancy rates. Nationally, the rental vacancy rate Regional Qld 4.1% nudged a little higher in March, reaching 1.6%, but still Regional Vic 4.2% well below the decade average of 2.5%. Regional NSW 4.0% Every capital city is recording a vacancy rate well below the 2% market, with Adelaide the tightest, at just 0.9%, Canberra 4.0% followed by Perth at 1.1%. Sydney has the highest Darwin 6.0% vacancy rate at 1.7%. Hobart 4.3% Perth 3.7% The reacceleration in rental growth is occurring at a Adelaide 3.4% time when rental affordability measures are already Brisbane 3.3% stretched to record levels. Assuming a household on Melbourne 3.7% the median income is renting at the median rate, they Sydney 3.1% would be dedicating around 33% of their pretax income on rental repayments. The reacceleration in market rents is bad news for Gross rental yields, dwellings inflation. Rents have a significant weighting in the CPI 6.0% Combined capitals calculation, at 6.6%. Historically, CPI rental inflation Combined regionals tends to follow market rents with around a 12 - month 5.5% lag. 5.0% With housing values and rents rising at a similar pace, 4.5% gross yields are holding reasonably firm, albeit at a low 4.2% level. Nationally, rental homes are returning a gross 4.0% yield of 3.57%, down from 3.69% a year ago. 3.5% 3.4% Sydney has the lowest gross yields, recorded at 3.08% 3.0% in March, while Darwin has the highest at 6.02%. 2.5% Mar 18 Mar 16 Mar 22 Mar 24 Mar 26 Mar 20 3 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index The housing market is facing a worsening mix of cyclical and implying less urgency from buyers and a gradual shift toward external headwinds which are set to weigh on housing demand. more balanced conditions. Prior to the Iran conflict, affordability was already stretched, sentiment was easing and higher interest rates have reduced On the flipside, supply remains tight in aggregate , which should borrowing capacity. More recently, higher energy costs and a help limit the risk of a sharp price correction. That said, there are sharper fall in confidence have added to the caution, particularly early signs of some easing at the margin; new listings have picked for discretionary and higher priced purchases. up, and construction activity has improved modestly in a number of states. On affordability, dwelling values relative to household incomes are at record levels , and higher mortgage rates are increasingly A sustained supply recovery still looks difficult . Construction weighing on borrower serviceability assessments. Factoring in the costs remain elevated and are set to face renewed upward three - percentage point serviceability buffer, most borrowers pressure via higher fuel and material costs, which will weigh effectively need to show they can service a new loan with a further on feasibility. Even a small lift in supply, however, reduces mortgage rate around 9.0%. In our view, that combination of the sense of scarcity that has been supporting price growth. affordability and serviceability constraints is shrinking the pool of The labour market remains a key stabiliser . Employment is still buyers who can comfortably transact, with the impact most high and conditions are tight, which supports income security and visible across the higher price points of the market. reduces the risk of forced selling, even as real incomes are At the same time, wage growth is not keeping pace with squeezed and sentiment is weaker. inflation , so real incomes are under downward pressure. That Also, policy support is still present for first home buyers . The reduces households’ ability to absorb any further lift in deposit guarantee scheme can help first home buyers clear the repayments and reinforces a ‘wait and see’ approach to high upfront deposit hurdle in lower priced segments, however, strong commitment financial decisions like purchasing a home. price growth in those segments, together with higher interest Higher energy prices are an added downside risk . Higher fuel rates and living costs, means stimulus is likely to have diminishing and utility bills squeeze discretionary income and amplify cost of impact from here. living pressures at a time when mortgage repayments are already Overall, early 2026 conditions are shaping up to be more elevated. cautious and more sensitive to debt servicing and cost of living Demographics are also less of a tailwind than they were. shocks . With inflation and interest rate uncertainty still front of Population growth has largely normalised after the post COVID mind, confidence weaker and listings rising, the near term balance catch up. While population gains still add to underlying housing of risks is tilted to the downside. Tight supply and labour market demand, they are increasingly being offset by affordability resilience should provide a floor, but the scope for broad based constraints, tighter credit conditions and uncertainty around price gains looks limited. future household expenses. We expect outcomes to remain uneven through 2026 . More Confidence has deteriorated through the month as cost of living affordable segments may hold up better as demand concentrates pressures and geopolitical uncertainty have intensified. Consumer where serviceability still works, while higher value markets face sentiment surveys have weakened materially. Historically, larger headwinds from borrowing constraints and cost pressures. housing activity has followed trends in consumer sentiment. The key watch points from here are the path of inflation and rates, Softer selling conditions can be seen in auction clearance rates, the extent of any further lift in listings, and whether confidence which have eased to below average levels, while advertised stock stabilises . levels have been lifting, particularly in Sydney and Melbourne, Cotality Home Value Index tables Capitals Rest of state regions Aggregate indices Regional Regional Regional Regional Regional Regional Regional Combined Combined Region Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra National NSW Vic Qld SA WA Tas NT capitals regional Dwellings Month -0.1% -0.2% 1.8% 1.2% 2.5% 0.8% 1.6% 0.4% 0.8% 0.6% 1.4% 1.2% 2.2% 1.9% na 0.6% 1.1% 0.7% Quarter -0.2% -0.6% 5.1% 3.6% 7.3% 2.5% 3.4% 1.4% 2.4% 1.8% 4.0% 4.2% 6.2% 5.2% na 1.8% 3.3% 2.1% YTD -0.2% -0.6% 5.1% 3.6% 7.3% 2.5% 3.4% 1.4% 2.4% 1.8% 4.0% 4.2% 6.2% 5.2% na 1.8% 3.3% 2.1% Annual 4.8% 3.4% 19.0% 11.4% 24.3% 7.8% 19.7% 6.1% 8.9% 8.0% 14.7% 11.9% 20.4% 10.9% na 9.3% 11.7% 9.9% Total return 8.0% 6.9% 23.0% 15.4% 29.3% 12.4% 27.3% 10.5% 13.4% 12.7% 19.7% 17.9% 27.4% 16.1% na 12.9% 16.6% 13.7% Gross yield 3.1% 3.7% 3.3% 3.4% 3.7% 4.3% 6.0% 4.0% 4.0% 4.2% 4.1% 4.4% 5.2% 4.4% na 3.4% 4.2% 3.6% Median value $1,295,387 $828,249 $1,101,151 $937,021 $1,017,698 $737,742 $618,596 $892,800 $833,540 $633,838 $839,458 $539,024 $694,015 $604,858 na $1,025,365 $758,788 $933,137 Houses Month -0.3% -0.4% 1.7% 1.2% 2.5% 1.0% 1.3% 0.5% 0.8% 0.6% 1.4% 1.1% 2.2% 1.7% -0.5% 0.6% 1.1% 0.7% Quarter -0.6% -0.9% 4.9% 3.7% 7.1% 3.1% 2.8% 1.5% 2.5% 1.9% 4.1% 4.1% 6.0% 5.0% -0.1% 1.8% 3.4% 2.2% YTD -0.6% -0.9% 4.9% 3.7% 7.1% 3.1% 2.8% 1.5% 2.5% 1.9% 4.1% 4.1% 6.0% 5.0% -0.1% 1.8% 3.4% 2.2% Annual 5.3% 4.0% 18.5% 11.3% 24.1% 8.5% 19.8% 7.7% 9.2% 8.1% 14.9% 11.7% 20.3% 10.9% 0.1% 10.2% 11.9% 10.6% Total return 8.0% 7.0% 22.2% 15.1% 28.9% 13.1% 26.9% 11.9% 13.8% 12.9% 20.0% 17.7% 27.1% 15.9% 7.7% 13.4% 16.8% 14.2% Gross yield 2.7% 3.2% 3.1% 3.3% 3.6% 4.2% 5.5% 3.6% 4.0% 4.1% 4.0% 4.4% 5.1% 4.3% 8.0% 3.1% 4.1% 3.3% Median value $1,601,782 $982,876 $1,207,718 $998,933 $1,062,538 $790,566 $732,035 $1,048,285 $866,182 $665,539 $845,532 $551,437 $713,145 $629,295 $433,841 $1,171,294 $774,523 $1,019,392 Units Month 0.3% 0.3% 2.0% 1.2% 2.9% 0.2% 2.4% 0.2% 0.8% 0.3% 1.3% 3.0% 2.7% 3.8% na 0.7% 1.2% 0.8% Quarter 0.8% 0.1% 6.1% 3.2% 8.9% -0.5% 4.7% 0.9% 1.7% 0.8% 3.9% 4.4% 10.8% 7.7% na 1.8% 3.2% 2.1% YTD 0.8% 0.1% 6.1% 3.2% 8.9% -0.5% 4.7% 0.9% 1.7% 0.8% 3.9% 4.4% 10.8% 7.7% na 1.8% 3.2% 2.1% Annual 3.5% 2.0% 21.5% 12.3% 26.1% 4.4% 19.6% 1.0% 6.2% 6.6% 13.8% 15.0% 23.8% 10.9% na 6.5% 10.9% 7.3% Total return 7.7% 6.6% 26.7% 17.2% 33.0% 9.2% 28.4% 6.2% 11.0% 11.7% 18.8% 22.1% 33.9% 17.7% na 11.2% 15.9% 12.0% Gross yield 4.1% 4.9% 3.9% 4.3% 4.8% 4.7% 7.2% 5.3% 4.4% 4.8% 4.3% Media 4.8% enquiries: 7.7% 4.8% media@cotality.com na 4.4% 4.5% 4.4% Median value $911,743 $644,074 $865,548 $684,698 $746,779 $570,428 $451,147 $598,702 $678,121 $454,135 $823,857 $420,879 $441,239 $475,258 na $766,561 $672,326 $750,715 4 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index Top 10 Capital city SA3’s with highest 12 - month value growth - Dwellings Median Annual Median Annual Rank SA3 Name SA4 Name Rank SA3 Name SA4 Name Value change Value change Greater Sydney Greater Perth Outer West and Blue Serpentine - 1 St Marys $1,168,625 15.6% 1 South East $953,205 31.5% Mountains Jarrahdale Merrylands - 2 Parramatta $1,329,275 14.1% 2 Armadale South East $901,686 30.5% Guildford Outer West and Blue Belmont - Victoria 3 Richmond - Windsor $1,013,941 13.5% 3 South East $1,013,724 29.2% Mountains Park 4 Mount Druitt Blacktown $1,022,060 13.0% 4 Gosnells South East $907,009 27.5% Bringelly - Green 5 South West $1,275,029 12.9% 5 Kwinana South West $803,412 26.7% Valley Outer West and Blue 6 Penrith $1,106,405 12.7% 6 Swan North East $942,093 26.3% Mountains 7 Campbelltown (NSW) Outer South West $1,020,601 12.3% 7 Rockingham South West $906,859 25.9% Outer West and Blue 8 Blue Mountains $1,037,005 12.2% 8 Canning South East $1,104,459 25.7% Mountains Sutherland - Menai - 9 Sutherland $1,663,282 12.0% 9 Wanneroo North West $973,265 25.6% Heathcote 10 Wyong Central Coast $961,558 11.5% 10 Stirling North West $1,137,259 25.6% Greater Melbourne Greater Hobart 1 Frankston Mornington Peninsula $851,755 11.3% 1 Hobart - North West Hobart $630,348 12.4% Hobart - South and 2 Keilor North West $1,071,764 9.5% 2 Hobart $851,822 9.8% West 3 Sunbury North West $747,417 9.0% 3 Brighton Hobart $610,579 8.5% 4 Brimbank West $729,315 8.6% 4 Hobart - North East Hobart $784,497 7.8% Tullamarine - 5 North West $745,469 7.5% 5 Sorell - Dodges Ferry Hobart $677,861 6.7% Broadmeadows 6 Casey - South South East $816,712 6.7% 6 Hobart Inner Hobart $887,806 3.6% 7 Cardinia South East $792,730 6.6% Greater Darwin 8 Kingston Inner South $1,080,626 6.4% 1 Palmerston Darwin $650,227 25.3% 9 Dandenong South East $787,238 6.3% 2 Darwin Suburbs Darwin $621,049 19.8% 10 Whittlesea - Wallan North East $782,563 6.2% 3 Darwin City Darwin $531,492 14.1% Greater Brisbane Springwood - 1 Logan - Beaudesert $948,774 25.4% ACT Kingston 2 Sunnybank South $1,389,765 24.2% 1 Weston Creek ACT $1,033,668 10.0% 3 Forest Lake - Oxley Ipswich $985,168 23.1% 2 Tuggeranong ACT $906,474 8.2% 4 Strathpine Moreton Bay - South $990,045 23.0% 3 Belconnen ACT $870,983 6.3% 5 Chermside North $1,349,595 22.7% 4 Woden Valley ACT $941,134 5.5% 6 Loganlea - Carbrook Logan - Beaudesert $989,903 22.5% 5 Gungahlin ACT $915,827 4.8% 7 Nundah North $1,121,332 22.4% 6 South Canberra ACT $819,785 4.8% 8 Ipswich Inner Ipswich $879,296 21.9% 7 North Canberra ACT $714,985 4.7% 9 Beaudesert Logan - Beaudesert $906,048 21.9% 8 Molonglo ACT $737,052 4.1% 10 Beenleigh Logan - Beaudesert $926,050 21.4% Greater Adelaide Data source: Cotality 1 Salisbury North $821,331 16.4% About the data 2 Tea Tree Gully North $933,965 14.9% Median values refers to the middle of valuations observed in the region Growth rates are based on changes in the Cotality Home Value index, which 3 Gawler - Two Wells North $812,193 14.8% take into account value changes across the market 4 Port Adelaide - East North $968,133 14.5% Only metrics with a minimum of 20 sales observations and a low standard error on the median valuation have been included. 5 Adelaide Hills Central and Hills $1,019,333 12.9% Data is at March 2026 6 Campbelltown (SA) Central and Hills $1,149,045 12.1% 7 Playford North $700,293 11.7% Norwood - Payneham 8 Central and Hills $1,281,628 11.3% - St Peters 9 Unley Central and Hills $1,516,039 11.2% 10 Onkaparinga South $879,102 11.1% 5 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index Top 10 regional SA3’s with highest 12 - month value growth - Dwellings Median Annual Median Annual Rank SA3 Name SA4 Name Rank SA3 Name SA4 Name Value change Value change Regional NSW Regional WA New England and North 1 Armidale $588,872 19.8% 1 West Pilbara Outback (North) $710,282 24.4% West New England and North 2 Inverell - Tenterfield $434,087 18.3% 2 Manjimup Bunbury $684,297 24.1% West Augusta - Margaret 3 Dubbo Far West and Orana $556,545 18.2% 3 Bunbury $1,150,552 22.3% River - Busselton 4 Wagga Wagga Riverina $630,219 16.9% 4 Goldfields Outback (South) $419,574 22.2% New England and North 5 Tamworth - Gunnedah $584,361 16.6% 5 Bunbury Bunbury $784,370 22.0% West Hunter Valley exc 6 Maitland $882,724 16.0% 6 Gascoyne Outback (South) $482,915 21.0% Newcastle Hunter Valley exc 7 Lower Hunter $767,872 14.0% 7 Albany Wheat Belt $755,526 20.5% Newcastle Newcastle and Lake 8 Lake Macquarie - East $1,074,718 12.5% 8 Esperance Outback (South) $606,461 19.4% Macquarie Griffith - 9 Riverina $471,330 11.3% 9 Wheat Belt - North Wheat Belt $533,042 18.2% Murrumbidgee (West) 10 Dapto - Port Kembla Illawarra $938,782 11.2% 10 Mid West Outback (South) $561,245 15.7% Regional VIC Regional TAS 1 Latrobe Valley Latrobe - Gippsland $502,620 15.3% 1 Launceston Launceston and North East $653,009 14.6% 2 Mildura North West $544,168 14.8% 2 Devonport West and North West $602,574 12.9% 3 Ballarat Ballarat $633,540 14.2% 3 Burnie - Ulverstone West and North West $553,092 10.6% Meander Valley - 4 Grampians North West $384,858 14.0% 4 Launceston and North East $643,757 10.6% West Tamar Central Highlands 5 Wodonga - Alpine Hume $692,924 13.2% 5 South East $497,505 9.0% (Tas.) Maryborough - 6 Ballarat $394,455 13.1% 6 North East Launceston and North East $565,772 8.8% Pyrenees 7 Bendigo Bendigo $650,364 12.2% 7 Huon - Bruny Island South East $732,221 5.5% 8 Wellington Latrobe - Gippsland $490,662 11.4% 8 South East Coast South East $627,213 - 1.0% 9 Loddon - Elmore Bendigo $416,687 10.5% Glenelg - Southern Warrnambool and South Data source: Cotality 10 $445,082 10.4% Grampians West About the data Regional QLD Median values refers to the middle of valuations observed in the region Growth rates are based on changes in the Cotality Home Value index, 1 Toowoomba Toowoomba $842,467 21.6% which take into account value changes across the market 2 Maryborough Wide Bay $653,463 19.0% Only metrics with a minimum of 20 sales observations and a low standard error on the median valuation have been included. 3 Granite Belt Darling Downs - Maranoa $622,310 18.7% Data is at March 2026 Central Highlands 4 Central Queensland $362,727 18.6% (Qld) 5 Darling Downs - East Darling Downs - Maranoa $572,422 18.5% Darling Downs (West) 6 Darling Downs - Maranoa $405,377 18.4% - Maranoa 7 Cairns - South Cairns $698,265 18.3% Charters Towers - Ayr 8 Townsville $380,762 17.6% - Ingham Innisfail - Cassowary 9 Cairns $469,153 17.3% Coast 10 Ormeau - Oxenford Gold Coast $1,170,846 17.3% Regional SA Eyre Peninsula and 1 Outback $415,990 16.7% South West 2 Limestone Coast South East $533,810 14.0% 3 Murray and Mallee South East $504,843 11.3% Fleurieu - Kangaroo 4 South East $824,383 10.4% Island Barossa - Yorke - Mid 5 Barossa $771,751 9.5% North Barossa - Yorke - Mid 6 Yorke Peninsula $523,361 7.0% North 6 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com 7 0.0% Sydney - 0.2% 0.0% Melbourne - 0.2% 1.6% Brisbane 1.7% Feb 26 vintage 1.3% Adelaide 1.2% 2.3% Perth 2.3% 1.2% Hobart 1.1% 0.2% Darwin 0.1% 0.8% Mar 26 vintage ACT 0.8% Monthly change in February 2026 Home Value Index 0.9% Rest of NSW 1.0% 0.6% Rest of Vic. 0.5% Prior month level of revision 1.4% Rest of Qld 1.4% 1.5% Rest of SA 0.6% 1.6% Rest of WA 1.6% 1.5% Rest of Tas. 1.7% © 2026 RP Data Pty Ltd t/as Cotality. Proprietary 0.2% Rest of NT 0.5% 0.6% Combined capitlas 0.5% 1.1% Combined regionals 1.1% 0.8% Australia 0.7% Sydney - 0.21% Melbourne - 0.24% Brisbane 0.05% Adelaide - 0.10% Perth - 0.05% Hobart - 0.15% Darwin - 0.08% ACT - 0.04% February 26 v March 2026 vintage HVI Rest of NSW 0.08% Rest of Vic. - 0.10% Rest of Qld 0.05% - 0.86% Media enquiries: media@cotality.com Rest of SA Rest of WA - 0.04% Revision in monthly change for February 2026 Rest of Tas. 0.24% Rest of NT 0.27% Combined capitlas - 0.15% : Combined regionals 0.01% Australia - 0.11% Home Value Index Cotality is the largest independent provider of property information, analytics and property - related risk management services in Australia and New Zealand. Methodology The Cotality Hedonic Home Value Index (HVI) is calculated using a hedonic regression methodology that addresses the issue of compositional bias associated with median price and other measures. In simple terms, the index is calculated using recent sales data combined with information about the attributes of individual properties such as the number of bedrooms and bathrooms, land area and geographical context of the dwelling. By separating each property into its various formational and locational attributes, observed sales values for each property can be distinguished between those attributed to the property’s attributes and those resulting from changes in the underlying residential property market. Additionally, by understanding the value associated with each attribute of a given property, this methodology can be used to estimate the value of dwellings with known characteristics for which there is no recent sales price by observing the characteristics and sales prices of other dwellings which have recently transacted. It then follows that changes in the market value of the entir e residential property stock can be accurately tracked through time. The detailed methodological information can be found at: cotality.com/au/our - data/indices The median value is the middle estimated value of all residential properties derived through the hedonic regression methodology that underlies the Cotality Hedonic Home Value Index. Cotality is able to produce a consistently accurate and robust Hedonic Index due to its extensive property related database, which includes transaction data for every home sale within every state and territory. Cotality augments this data with recent sales advice from real estate industry professionals, listings information and attribute data collected from a variety of sources. 8 © 2026 RP Data Pty Ltd t/as Cotality. Proprietary Media enquiries: media@cotality.com Home Value Index Disclaimers In compiling this publication, RP Data Pty Ltd trading as Cotality (ABN 67 087 759 171) (“ Cotality ”) has relied upon information supplied by a number of external sources. 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