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April Market Wrap with Sirah

April Market Wrap with Sirah

1st of May, 2026

Australia’s property market has hit another high note. The latest PropTrack Home Price Index confirmed a 0.3% increase in home values month-on-month, with country-wide prices tracking an impressive 9.4% higher than this time last year, with the median sitting at $908,000. Brisbane led the capitals with a 0.7% lift, reinforcing Queensland’s strong position in the national market.

 

Regional areas – like the Sunshine Coast and Noosa Hinterland – are once again proving to be a key driver of growth. Over the past five years, these markets have outperformed the capitals significantly, soaring 57% compared to 39%, with experts attributing the trend to lifestyle appeal and relative affordability.

 

The Cotality April Housing Chart Pack paints a similar picture of resilience. Australia’s residential market is now valued at $12.6 trillion, with prices increasing 2.1% over the quarter and 9.9% annually to March – the fastest rate of growth since mid-2022. While total sales volumes in 2026 are tracking slightly below last year, they remain above the five-year average, demonstrating consistent underlying demand.

 

Again, our home state leads the way. Driven by ongoing supply and demand constraints, dwelling values more than doubled in Queensland since 2020. We also recorded the largest population growth in the country, accounting for more than 25% of national migration.

 

Looking ahead, all eyes will be on the RBA when they meet again in early May. While some predict a third hike, the broader economic backdrop remains reassuringly strong. A resilient labour market continues to support household stability and spending capacity.

 

Locally, buyer activity has remained strong, with the Easter and school holiday period delivering a noticeable lift. Open home attendance doubled compared to previous weeks, and seven properties moved under contract in the days following the long weekend.

 

Cooroy homes have proven particularly popular. 5 Victory Lane and 4 Arthur Court secured multiple offers within 7 and 8 days, while 6 Marblewood Court sold unconditionally in just 9 days. A pre-market sale at 37 Urunga Parade, Boreen Point, along with an off-market result at 6 Church Street, Pomona, highlights the depth of buyer demand. Interest also remains strong in townhouse development opportunities across Cooroora Edge, Pomona and central Cooroy.

 

If you are considering your next move, our team brings deep local expertise, a genuine passion for the Noosa Hinterland, and a personalised approach to every client. We are here to guide you with clarity, care and confidence.