6 publishers · first seen Sun, 01 Nov 2026 13:01 UTC · updated Mon, 02 Nov 2026 04:58 UTC
Australian home values have fallen for the seventh consecutive month, with capital city prices dropping at the fastest pace in 40 years. The national median home value decreased by 0.3% in November, marking a 1.9% decline for the year to $871,000. The downturn is broadening, with mid-sized capitals like Brisbane and Perth experiencing the sharpest declines. Realestate.com.au's November Home Price Index indicates that another interest rate hike by the Reserve Bank of Australia could exacerbate the situation, potentially leading to further price drops and reduced buyer confidence.
The national median value is now 4.3% below its peak, with Adelaide and Sydney homeowners seeing their median values drop by 0.6% for the month. Hobart is the only capital city that has not experienced a decline in home values. Regional areas also saw a decrease in home values, with regional NSW, Queensland, and Tasmania recording a 0.2% drop. Regional Western Australia and Victoria were the exceptions, with values holding steady and increasing by 0.5%, respectively.
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