Australian Property Values Fall For Seventh Consecutive Month

Published 1w ago · Latest report 4d ago · Economic report

Affects Australia · Covered in 2 countries

AI summary37s readNegative

Australian home values dropped for a seventh consecutive month in the fastest market downturn seen in 40 years.

Australian home values dropped for a seventh consecutive month as rising mortgage costs cooled demand. The downturn is now spreading beyond Sydney and Melbourne, with Brisbane and Perth leading the recent declines. Property researchers note the pace of the current drop matches the fastest market contraction seen in 40 years.

The shiftMid-sized state capitals now drive the national price declines instead of Sydney and Melbourne.
Market contextPolicymakers previously aimed to cool one of the most expensive real estate sectors in the world.

What's new · 3d agoData confirmed the downturn has lasted seven months, matching the fastest market decline velocity in 40 years while shifting focus to mid-sized capitals.

Why it matters

Housing affordability has been a central political issue in Australia, prompting efforts by Canberra to cool surging real estate valuations. Higher borrowing costs have successfully reduced buyer demand, though most property owners retain substantial gains from previous years of growth.

Timeline2

Oct 30Analysts examined the impact of Canberra policies on cooling the property market.
Nov 1Property data showed home values fell for a seventh consecutive month as Brisbane and Perth led declines.

By the numbers2

7 mthsconsecutive months of falling home values

40 yrsyears since a market decline of this speed

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