Australian home prices fall as experts predict slump could last a year and cut values by 10%
Australian capital city home prices have begun to decline for the first time since early 2025 due to high interest rates and inflation. Experts warn that this downward trend could persist for a year, potentially reducing property values by up to 10%.
Why it matters
Housing market fluctuations have significant implications for household wealth, consumer spending, and the broader national economy.
Buyers abandon auctions and Sydney, Melbourne and Canberra median house prices end May lower than they were at the end of 2025 Get our breaking news email , free app or daily news podcast Home prices in Australia’s capital cities have begun to fall, with experts predicting the decline could last at least a year and wipe as much as 10% from values. The median capital city home price fell in May, the first decline since January 2025, as high interest rates and inflation stretched buyer budgets, Cotality reported on Monday. Auction success hit a new low for the year. Continue reading...
The article reports on economic data and expert forecasts using neutral, descriptive language.
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