LAST UPDATED: Q1 2026
Valuation Monitor
Yield, Affordability & Regional Comparison
KEY METRICS
SYDNEY P/R RATIO
25x
Expensive
CoreLogic
NATIONAL YIELD
4.69%
Gross rental
CoreLogic Q1 2026
YIELD SPREAD
+0.84%
vs RBA rate
SYDNEY AFFORDABILITY
85 yrs
Years to own
ANZ/CoreLogic
NATIONAL INCOME RATIO
8.2x
Severely unaffordable
Demographia
BRISBANE 5Y GROWTH
+86.7%
Top performer
CoreLogic
VALUATION CHARTS
Yield vs RBA Cash Rate
Gross rental yield spread over policy rate
APAC Price Comparison
AUD per sqm across major cities
Years to Own a Home
Median household income basis
SUMMARY
Yield
4.69%
National gross rental yield remains above the RBA cash rate, offering a positive carry of +0.84%. The spread has compressed since the Feb 2026 rate cut but remains in positive territory.
Supply
Deficit
Housing starts remain well below the 300K annual target. Construction costs +25-29% since 2020 and labour shortages continue to constrain the pipeline. Structural undersupply supports prices.
Affordability
Stretched
Sydney requires 85 years of median household savings to purchase. National price-to-income at 8.2x remains severely unaffordable by global standards. Policy interventions expanding but insufficient.