Australian home prices fall 2.8% year-on-year in October 2026, looming rate hike adds to pain
November 2, 2026
Marsares Editorial Team
Australian home prices fell 1.2% in October, reflecting a 6.7% decline from their peak. The downturn has been the steepest in the past 40 years, with values decreasing 8.1% in seven months. Capital cities such as Brisbane and Perth experienced significant declines, unwinding prior gains. Property sales have decreased by 23% compared to last year, with Sydney transactions down 30%.
Source: ET Realty