EconomyAustralian home values fall for seventh straight month as rates curb demand

Australian capital-city home values fell 1.4% in October, marking a seventh consecutive monthly decline, with Brisbane and Perth leading losses as the downturn shifts away from Sydney and Melbourne. Cotality says values are down 8.1% since March. Higher rates, affordability pressures and fewer investors are weighing on demand, though most owners retain sizeable gains.

Australian housinghome pricesinterest rateshousing demand

TThe Guardian★★★☆☆2026-11-01 14:00Original