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Rising listings, falling demand, drive property prices lower
Australia’s house price correction of -5.7% since mid-April 2026 has now gotten within 3% of the largest downturn in recorded history (40 years), which was -8.6% between October 2017 and May 2019. The correction has also spread to the mid-sized capitals of Brisbane, Adelaide, and Perth, which are declining slightly faster than the two largest
Australia’s house price correction of -5.7% since mid-April 2026 has now gotten within 3% of the largest downturn in recorded history (40 years), which was -8.6% between October 2017 and May 2019.
The correction has also spread to the mid-sized capit... [1644 chars]
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