Economy/Business

Australian Property Prices Plunge

1 Nov
4 outlets

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Australian Property Prices Plunge. (2026, November 2). The Aporia. https://the-aporia.com/event/121178

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The value of homes across Australia's capital cities has fallen 8.1 per cent in seven months, the speed of decline tracking at its fastest pace in the last 40 years.

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What each outlet says

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Sydney Morning Herald1 Nov

Property values across Australia continued to decline in October, with a nationwide decrease of 1.2% marking seven consecutive monthly drops since March. Median property values have dropped by $63,400 or more than $9,000 per month. Sydney experienced the steepest declines, with median house prices down 11.1% year-to-date and units down 6.5%. Brisbane now faces its weakest market conditions since March, with values…

Homes losing $9000 a month as RBA mulls another rate hike →
ABC News (AU)1 Nov

Australian house prices have dropped $63,400 since March, marking a median value of $884,855 and the fastest decline in 40 years. Property research firm CoreLogic reports national home values fell by 1.2% in October, with capital city values down 8.1% over seven months. Economists predict higher interest rates for longer, suggesting further house price declines before a recovery can begin, likely not until the…

Australia nears 'largest property downturn in 40 years' as prices plunge →
The Guardian1 Nov

Australian home values have declined for seven consecutive months, with prices in capital cities falling at their fastest pace in 40 years due to rising mortgage rates. According to CoreLogic data, Brisbane and Perth are now leading declines, with combined values across state and territory capitals dropping by 1.4% in October. Since March, home values have decreased by 8.1%, reflecting a broad-based downturn…

Home values fall for seventh consecutive month as interest rates dent demand →
Daily Mail1 Nov

Australian property prices have fallen for seven consecutive months at the fastest rate in 40 years, according to Cotality's Home Value Index published on Monday. In October alone, median house prices dropped by 1.2%, now standing at $884,855 nationally, a decline of about $63,400 since March’s peak. The Reserve Bank is due to announce interest-rate decisions on Tuesday, with economists predicting another increase…

Australian property prices plunging at fastest rate in 40 years after seven straight months of falls as rate decision looms →

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How it changed

  1. 1 Nov

    Virtually every suburb across Brisbane, Perth and Adelaide has recorded a drop in values over the past three months as buyers struggle to get loans because of higher interest rates.

    3 outlets · ABC News (Australia)

Coverage 4 articles

Where to start Australia nears 'largest property downturn in 40 years' as prices plunge ABC News (AU)

Suggested from 4 outlets: the fullest account of the event, no political position was found in its wording and its publisher is declared as reporting rather than commentary.

  • 1 Nov Australian property prices plunging at fastest rate in 40 years after seven straight months of falls as rate decision loomsAustralian property prices have fallen for seven consecutive months at the fastest rate in 40 years, according to Cotality's Home Value Index published on Monday. In October alone, median house prices dropped by 1.2%, now standing at $884,855 nationally, a decline of about $63,400 since March’s peak. The Reserve Bank is due to announce interest-rate decisions on Tuesday, with economists predicting another increase…Daily Mail
  • 1 Nov Home values fall for seventh consecutive month as interest rates dent demandAustralian home values have declined for seven consecutive months, with prices in capital cities falling at their fastest pace in 40 years due to rising mortgage rates. According to CoreLogic data, Brisbane and Perth are now leading declines, with combined values across state and territory capitals dropping by 1.4% in October. Since March, home values have decreased by 8.1%, reflecting a broad-based downturn…The Guardian
  • 1 Nov Australia nears 'largest property downturn in 40 years' as prices plungeAustralian house prices have dropped $63,400 since March, marking a median value of $884,855 and the fastest decline in 40 years. Property research firm CoreLogic reports national home values fell by 1.2% in October, with capital city values down 8.1% over seven months. Economists predict higher interest rates for longer, suggesting further house price declines before a recovery can begin, likely not until the…ABC News (AU)
  • 1 Nov Homes losing $9000 a month as RBA mulls another rate hikeProperty values across Australia continued to decline in October, with a nationwide decrease of 1.2% marking seven consecutive monthly drops since March. Median property values have dropped by $63,400 or more than $9,000 per month. Sydney experienced the steepest declines, with median house prices down 11.1% year-to-date and units down 6.5%. Brisbane now faces its weakest market conditions since March, with values…Sydney Morning Herald

Built 2026-11-02 from 4 articles. Every sentence on this page is quoted from the linked article; nothing was written by a model except the Summary and the items marked AI, which cite their sources, and the questions and labels under "Disputed". Photos are from the outlets that covered the story, never from articles our check marks sensitive.

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