EconomyHouse prices fall in every Australian capital for first time in 15 years
Domain data show house prices fell in every Australian capital city, the first such decline in 15 years and only the second on record. Sydney prices dropped 4.7% in the September quarter to A$1.66m; Melbourne fell for a third consecutive quarter, while Perth, Brisbane and Adelaide recorded their steepest quarterly declines. Economists expect the downturn could continue, with a market bottom in the second half of 2027.
TThe Guardian★★★☆☆2026-10-21 21:56Original
House prices fall in every Australian capital for first time in 15 years
Economy