Australia’s housing prices are trending down. See which suburbs have had the biggest falls
Australian housing prices are experiencing a downward trend as rising interest rates and shifting investor tax settings impact the market. While some cities show resilience, the overall outlook suggests continued weakness as borrowing capacity remains constrained.
Why it matters
The property market correction affects the financial stability of homeowners and the broader Australian economy.
New houses and land for sale at a housing development in San Remo, Victoria. Photograph: Joel Carrett/AAP New houses and land for sale at a housing development in San Remo, Victoria. Photograph: Joel Carrett/AAP The Crunch Housing Australia’s housing prices are trending down. See which suburbs have had the biggest falls Cotality says prices have declined in most capital cities over winter. Search the data to see how they have changed in your area
Get our breaking news email , free app or daily news podcast
Prefer the Guardian on Google Australia’s property market is facing a rare price correction, as rising interest rates and less favourable tax settings for investors accelerate a downturn.
Most capital cities recorded winter price falls, according to Cotality data, with Sydney leading the decline. That weakness is expected to continue, as higher inflation could lead to further interest rate hikes , denting demand.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in