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National house prices fall for seventh straight month at fastest pace in months
Australia's national house prices fall for a seventh straight month, at fastest pace in months, Cotality says.
Key points
- The national Home Value Index fell 1.2 per cent in October and is 6.7 per cent below its March peak.
- Capital city values are down 8.1 per cent over seven months, against a previous 40-year record of 8.2 per cent over 2017 to 2019.
- Home sales over the past three months are 23 per cent lower than a year ago, according to Cotality.
Why it matters. Buyers are holding back until the Reserve Bank of Australia signals a change in rates, which Burg said likely would not happen until the latter half of 2027.
Australia's national house prices have fallen for a seventh consecutive month, with property research group Cotality reporting its Home Value Index down 1.2 per cent in October. The median national house price now stands at $884,855, 6.7 per cent below its March peak. Cotality head of research Gerard Burg said capital city values were down 8.1 per cent in seven months, faster than any downturn in 40 years.
Latest updates
National house prices fall for seventh straight month at fastest pace in months
National house prices have fallen for a seventh consecutive month, according to the latest data reported by the ABC on November 1, 2026. The pace of the decline in home values is tracking at its fastest level in the current downturn. The slide comes as higher interest rates weigh on buyers and borrowers. Some commentators have described the situation as potentially the largest property downturn in 40 years. The next monthly price data will show whether the decline continues.