March 2026 Market Update: Regional Queensland Drives Strong Annual Growth
The March 2026 Ray White Now report shows the Australian property market continuing its steady upward trend, with modest monthly growth of 0.3% and strong annual gains of 13.7% for houses and 9.9% for units.
Regional Queensland remains a standout performer, with house prices up 17.1% annually to $840,000 and unit prices rising 14.6% to $810,000, reflecting ongoing demand driven by affordability and lifestyle appeal. Rental markets are beginning to stabilise after sharp increases, though regional Queensland still leads rental growth with house rents up 7.1% annually.
Listing activity has increased seasonally but remains constrained year-on-year, particularly in Queensland, where strong demand continues to absorb available stock. Overall, the market is being driven by limited supply, consistent demand, and a more measured growth phase following the rapid gains of recent years.
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