June 2026 Quarterly Investment Property Pricing Report

June 2026 Quarterly Investment Property Pricing Report

Aus Investment Properties

Data analysed by Aus Investment Properties as at June 2026, with quarter-on-quarter comparison to March 2026 and year-on-year comparison to June 2025.

Introduction

The headline picture is one of firm but stabilising construction pricing, rising land values and modest package growth. Land pricing has now risen for consecutive periods on this basis and accounts for the larger share of the year-on-year package increase.

Build Price per Square Metre by Property Category

Table: Build $ per m2 by Category

House and Land recorded the strongest quarter-on-quarter build movement at +8.7%, and remained +11.3% higher year-on-year a broad-based signal given it is by far the largest sample in the current listing set. Co-living and Dual Key build pricing also firmed. Dual Occupancy softened on both a quarterly and annual basis; as the land analysis below shows, this coincided with a sharp rise in Dual Occupancy land pricing, consistent with a shift in the lot and location mix rather than lower construction costs. Duplex pulled back −8.3% from an elevated March 2026 reading but remained +14.7% above June 2025 a clear base effect, as the March Duplex figure was drawn from a small, higher-specification sample.

Land Price per Square Metre by Property Category

Table: Land $ per m2 by Category

Land pricing rose across most categories. House and Land land pricing increased +7.8% quarter-on-quarter and +16.7% year-on-year and, given the category's weight in the sample, is a key driver of the national land result. Dual Occupancy land pricing rose +49.6% year-on-year, and Duplex +26.4%, both consistent with a move toward larger or better-located lots in the current listing mix rather than a uniform national land trend. Rooming House was the exception, easing on both bases. Because these are listing-based averages, category-level land movements are best interpreted alongside shifts in lot size and location rather than as evidence of a single directional land market.

Average Package Price by Property Category

Table: Package Price by Category

Package pricing remained highest in Duplex ($1,429,005, +20.2% year-on-year) and Rooming House, both of which also carry the strongest sensitivity to compositional shifts. House and Land package pricing rose +6.2% quarter-on-quarter and +10.5% year-on-year, driven primarily by the land component identified above. Co-living and Dual Occupancy package pricing were higher year-on-year, while Rooming House eased.

The two newly tracked residential categories should be read with their data limitations in mind. Apartment package pricing fell −26.9% year-on-year; this is largely a base effect, as the June 2025 dataset was heavily weighted to apartment stock (approximately 1,380 listings, predominantly higher-priced foreign-investment-review and SMSF single-contract product), against a smaller and differently composed June 2026 apartment sample. Townhouse/Unit rose +20.4% year-on-year. Commercial property is also newly tracked but, as a distinct asset class, is reported separately in the Commercial Pricing Overview below.

Average Build Price per Square Metre by Region

Table: Build $ per m2 by Region

On the June 2026 listing set, Tasmania recorded the highest average build pricing at $3,333 per square metre, although that result rests on a smaller listing count than the larger eastern-state samples. South Australia and Western Australia followed. Victoria and Queensland recorded the lowest average build pricing despite representing the two largest current-quarter samples, at 2,147 and 1,061 listings respectively. The Northern Territory figure is based on only four listings and should be treated as indicative only.

State-by-State Pricing Breakdown

Build Price per Square Metre by State

Table: Build $ per m2 by State

Victoria was the stand-out, with build pricing up +12.5% quarter-on-quarter and +8.0% year-on-year, moving it off the bottom of the state range. New South Wales and Queensland both eased against an elevated March 2026 base while remaining higher year-on-year. Western Australia's +29.7% annual increase reflects genuine cost pressure alongside the volatility inherent in a smaller sample.

Land Price per Square Metre by State

Table: Land $ per m2 by State

Land pricing rose sharply in New South Wales (+39.8% quarter-on-quarter, +43.3% year-on-year) and Queensland (+21.5% quarter-on-quarter, +25.4% year-on-year). Movements of this magnitude are strongly influenced by lot size and location mix within each state's current listing set and should not be read as uniform state-wide land inflation. Victoria was essentially flat, and Western Australia steady on a quarterly basis despite a higher year-on-year reading.

Average Package Price by State

Table: Package Price by State

New South Wales remained the most expensive state on a package basis at $1,254,858, up +16.2% year-on-year. Queensland and Western Australia were both materially higher year-on-year, at +11.7% and +31.7% respectively, though each eased slightly against a strong March 2026 base. Victoria remained the lowest-cost state on land and package pricing, and was essentially level with Queensland for the lowest build pricing, as well as the most stable across the three measures reinforcing its position as the value end of the current listing set.

SDA Pricing Overview

SDA is reported separately because it can materially distort broader residential averages. Based on listings tracked by Aus Investment Properties, the June 2026 SDA subset was small and concentrated in a limited number of highly specialised dwellings.

Average June 2026 SDA build pricing was $4,193 per square metre, well above standard residential category averages, and the average SDA package price was $1,203,415, with an observed package range of $908,000 to $1,764,320. Every SDA measure was higher than June 2025, but the samples are small 12 listings analysed for build pricing in June 2026 against 26 a year earlier so the year-on-year movements should be read with particular caution.

Table: SDA Pricing Overview

Base effects are particularly important in SDA because each period can contain a small number of highly specialised dwellings. Period-to-period movement can therefore reflect design and dwelling mix as much as market repricing.

Commercial Pricing Overview

Commercial property is reported separately from the residential analysis because it is a distinct asset class, with pricing driven by tenancy, lease terms and yield rather than by the build and land fundamentals that shape residential packages. It is newly tracked this quarter and is therefore presented as a current-quarter (June 2026) baseline.

Commercial listings are priced at a whole-asset level: they do not carry a separate, comparable per-square-metre construction rate (advertised build price equals package price) or a distinct land component in the current data, so commercial pricing is reported on package price only. No meaningful prior-period sample exists (there were no commercial listings in the June 2025 dataset and only two in March 2026), so quarter-on-quarter and year-on-year comparisons are not available.

Table: Commercial Pricing Overview

Based on 55 listings analysed, average commercial package pricing was $734,880 in June 2026, across a wide range of $203,500 to $1,239,000. The average sits below the median of $884,000, indicating a cluster of lower-priced listings that pulls the mean down; with a modest sample and broad dispersion, these figures should be read as an indicative baseline rather than a precise benchmark, and will become more robust as commercial coverage builds over coming quarters.

Investor Outlook

The June 2026 data points to a market in which construction pricing has steadied while land has become the primary driver of package price growth. Build rates were broadly flat quarter-on-quarter at the national level, yet land pricing rose on both a quarterly and annual basis  most visibly in House and Land, and in New South Wales and Queensland land values.

For investors, the most important read-through is that headline package movements should continue to be tested against their underlying build and land components. Where package prices have risen, much of the increase this quarter is attributable to land rather than construction cost. Where they have fallen most notably in Apartment pricing the move is heavily influenced by a change in the mix of stock being tracked rather than a like-for-like decline, given the apartment-weighted June 2025 comparison base.

Near-term pricing risk remains concentrated in land and in higher-specification or thinly-sampled product types, including Duplex, Rooming House, the separately reported SDA and Commercial segments, and the newly introduced Apartment and Townhouse/Unit categories, where limited history warrants caution. Investors should continue to assess location quality, land efficiency, dwelling specification and end-demand fundamentals before relying on aggregate averages.

Aus Investment Properties offers Australia's largest selection of off-market investment properties. Please visit www.ausinvestmentproperties.com.au to search, research and secure your investment property.

Methodology and Data Notes

All figures are derived only from current market listings analysed by Aus Investment Properties across three point-in-time datasets: June 2026 (current quarter), March 2026 (previous quarter) and June 2025 (same quarter last year). The data represents listings tracked by Aus Investment Properties and does not constitute a portfolio, a set of sales results, or a valuation.

Build price per square metre is calculated as build price divided by internal building area, averaged across listings. Land price per square metre is calculated as land price divided by land area, averaged across listings. Package price is the average advertised package price. Category and state averages are calculated across listings with complete pricing and size data for the relevant measure. National figures are the average of the six core residential category figures (Co-living, Dual Key, Dual Occupancy, Duplex, House and Land and Rooming House) and are presented on this basis to preserve comparability with prior reports. To maintain continuity of the published series, the March 2026 comparison columns reproduce the figures published in the March 2026 Quarterly Property Report.

As a data-quality measure, listings with an implied land rate above $20,000 per square metre were treated as data-entry errors and excluded from land calculations. This affected two listings in the June 2026 dataset (both in Queensland House and Land) and none in the March 2026 data underlying the published series; it lowers the reported June 2026 land figures for House and Land and Queensland, and the national land average, relative to an unfiltered calculation. Build and package figures are reported on the same simple-average basis as prior reports, without exclusions.

Two additional residential categories Apartment and Townhouse/Unit are introduced this quarter as coverage expands. Because these are predominantly strata or package-priced product, they are reported on package price, where the data supports a reliable comparison, rather than on a per-square-metre build or land basis (their listings do not carry a separate, comparable construction rate or land component, and current build and land samples are too small to publish). Comparatives are shown only where prior-period data exists. As these categories accumulate history, they will be incorporated into the relevant per-square-metre tables and, in due course, the national aggregate. Commercial property is also newly tracked but is a distinct, non-residential asset class; it is reported separately (see Commercial Pricing Overview) and excluded from the residential category, regional, state and national figures.

Sample sizes vary materially across the three periods, and several categories and states are measured on modest counts. Movements in smaller segments including Duplex, Rooming House, SDA and the newly introduced categories should be read as indicative and can reflect dwelling mix, lot size and location rather than a uniform market trend. Category and state figures are simple averages of per-listing rates; because such averages can be pulled by a small number of atypical or high-specification listings, they sit above the corresponding median in several categories (notably House and Land, where the average build and land rates run above the median), and are best read as indicative of the current listing mix rather than precise like-for-like repricing.

Disclaimer

This report is based on data analysed by Aus Investment Properties as at June 2026, March 2026 and June 2025. The analysis reflects pricing identified from current market listings at each point in time and does not represent a valuation, forecast or recommendation for any individual property. Figures are listing-based averages that can be affected by changes in the volume, specification and mix of listings tracked in each period. While reasonable care has been taken in preparing this report, readers should undertake their own due diligence and obtain independent professional advice before making investment decisions.