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This week’s news

Past news

Earlier weekly editions, the Prestige Series and our property news archive, newest first.

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  • National
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49 stories · Page 1 of 5

Aerial view of Sydney Harbour with the Harbour Bridge, Opera House and harbourside suburbsNational

Australia

Australia’s Prestige Property Market in 2026

After a record 2025, the top of the market has entered a more measured phase. Scarcity still sets the price of the finest addresses, but rates, tax reform and a broader downturn are testing buyers' resolve.

5 min read

Aerial view across Sydney Harbour, with leafy waterfront headlands, moored yachts and the CBD skyline in the distanceNSW

New South Wales

New South Wales: The Harbour City Holds the Crown

Sydney still writes Australia's prestige record book, from Point Piper's nine-figure estates to a record run of $20 million-plus sales. In 2026, even the harbour's finest addresses are being priced with care.

4 min read

Aerial view over Sydney's eastern suburbs, with sandstone cliffs, dense housing and the harbour in the distanceNSW

New South Wales

Elaine’s $130 Million Sale Stands Out in Pillinger’s Harbour Market Review

The selling agency’s winter 2025 report records the Point Piper estate at $130 million and names Brad Pillinger as the selling agent, confirming one of Sydney’s landmark transactions.

1 min read

A row of brightly painted timber bathing boxes on the sand at Brighton Beach, Melbourne, under a clear blue skyVIC

Victoria

Victoria’s Prestige Property Market in 2026: Toorak’s Long Game

Melbourne's trophy estates and its broader upper-end market tell different stories. Agency commentary records a landmark Toorak sale, while independent market indices show a wider correction.

4 min read

Aerial view of the Noosa River mouth with turquoise water, white sandbanks and bushland on the north shoreQLD

Queensland

Queensland’s Prestige Market: Riverfronts, Beachfronts and a $40 Million Benchmark

From Noosa Sound to New Farm and the Gold Coast’s Millionaires’ Row, Queensland has spent a decade closing the gap on Sydney and Melbourne. In 2026 it set a new state record, even as the wider market cooled.

4 min read

The Perth city skyline reflected in the still water of the Swan River at dawnWA

Western Australia

Western Australia’s Prestige Market: The Western Suburbs Come of Age

Three years of double-digit growth have turned Perth’s riverside and coastal enclaves into a genuine national prestige market. Thirty-one suburbs now have a median house price of $2 million or more, and in September a Cottesloe home set the year’s benchmark.

4 min read

The Adelaide city skyline seen from the leafy foothills, with tree-lined suburbs in the foreground and Gulf St Vincent on the horizonSA

South Australia

South Australia’s Prestige Property Market in 2026: Adelaide’s Changing Top End

Adelaide recorded more sales above $5 million in 2025 than in the previous year. Its prestige market combines established villas, coastal positions and tightly held land, while the broader market has since lost momentum.

4 min read

Drone view over Adelaide’s city centre, looking along a broad tree-lined boulevard between heritage sandstone buildings and modern office towers at duskSA

South Australia

Adelaide’s March 2025 House Sales in the Official Record

The Valuer-General’s historical series records a metropolitan house-sale median of $847,000 for the March quarter of 2025, with substantial differences between individual suburbs.

1 min read

Aerial view over Hobart towards the River Derwent, with the city centre, Battery Point and Sandy Bay along the waterfront under a clear skyTAS

Tasmania

Tasmania’s Prestige Property Market in 2026: Heritage, Water and a Rare Top Tier

Tasmania recorded no $5 million sales last year. That says less about demand than about how rarely the island’s finest addresses change hands.

4 min read

View over Canberra and Lake Burley Griffin towards the Parliamentary Triangle and distant rangesACT

Australian Capital Territory

ACT: Canberra’s Inner South and the Quiet Art of Old Money

The national capital's prestige market is small, discreet and fiercely concentrated. Forrest, Red Hill, Deakin and Yarralumla trade on land, gardens and heritage rather than water views, and their finest streets change hands only rarely.

3 min read

The sun setting over the water off Darwin, with a dark headland silhouetted against an orange skyNT

Northern Territory

The Northern Territory’s Prestige Market: Harbour Views at a Darwin Scale

Darwin was the strongest capital city market of the past year, but prestige property in the Territory works on its own terms. It has no $5 million sales, few comparable homes, and an appeal based on harbour light, space and value.

4 min read

Aerial view of leafy Canberra suburbs and a town centre in spring, with hills and mountains on the horizonACT

Australian Capital Territory

ACT Becomes First Jurisdiction to Abolish Stamp Duty for All First Home Buyers

The 2026–27 Territory Budget removes every price cap and income test for first home buyers from 1 July 2026, and cuts duty and charges on new ‘missing middle’ homes.

2 min read

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