National Housing Downturn Deepens as Capital City Values Slide
Australian dwelling values have recorded six consecutive monthly declines, with Sydney and Brisbane experiencing the most significant drops in sales activity.
The Australian housing market continues to face significant headwinds, with national dwelling values falling by 1.1% in September alone. This marks the sixth straight month of decline, leaving property values approximately 5.2% below the peak recorded in March 2026.
Market activity has slowed considerably across the country. Sales volumes in Sydney and Brisbane have plummeted by 30% and 29% respectively compared to the same time last year, reflecting a broader cooling in buyer sentiment.
Auction clearance rates across the combined capital cities are consistently tracking below 50%. This trend indicates that sellers are finding it increasingly difficult to secure buyers, leading to a shift toward a buyer-dominated market.
For those looking to enter the market, the current environment offers more negotiation power, though reduced borrowing capacity remains a major hurdle. Sellers, meanwhile, are being forced to adjust their price expectations as demand softens.
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National Property Values Decline for Seventh Consecutive Month
Australian home values fell by 1.2 per cent in October, marking seven months of continuous decline as the market downturn accelerates.
National Home Values Slide for Seventh Consecutive Month
Australian property values fell 1.2 per cent in October, marking seven months of consecutive declines as market conditions tighten.
National Auction Clearance Rates Remain Below 50 Per Cent
Capital city auction markets are struggling, with clearance rates consistently failing to reach the 50 per cent threshold as buyer demand wanes.