1、January 2026Residential Property MarketOutlook KPMG Australia2026 KPMG,an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The KPMG name a

2、nd logo are trademarks used under license by the independent member firms of the KPMG global organisation.Liability limited by a scheme approved under Professional Standards Legislation.2Residential Property Market OutlookContentsExecutive summary03Market overview05Recent trends in factors influenci

3、ng property prices06Forecasts11Contacts1732026 KPMG,an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The KPMG name and logo are tradema

4、rks used under license by the independent member firms of the KPMG global organisation.Liability limited by a scheme approved under Professional Standards Legislation.Residential Property Market OutlookExecutivesummaryHousing market momentum strengthened through 2025,validating our earlier forecast

5、that conditions would improve despite widespread pessimism earlier last year.Our directional call was right,with structural force persistent supply shortages,improved confidence as financial conditions stabilised,and elevated rents increasing the appeal of ownership supporting broad-based price grow

6、th nationwide.However,our point forecasts published in August 2025 underestimated the magnitude of the upswing.National house prices rose 8.6%and national unit prices rose by 7.3%in the 12 months to the December quarter 2025.This represents the strongest calendar year gain in home values since 2021,