EconomyAustralian house prices head for historic 10% drop as fourth rate hike looms

Cotality says house prices are falling in more than 90% of Australian suburbs. Economists expect the Reserve Bank to deliver a fourth interest-rate increase despite a potentially historic property downturn, as inflation remains too high; national values could eventually fall about 10% from their recent peak.

Australian housinginterest ratesinflation

TThe Guardian★★★☆☆2026-09-01 15:00Original