House prices across capitals post steepest quarterly decline ever:
For only the second time ever, house prices have fallen across all Australian capital cities ...
abc.net.au/news/2026-10-22/domain-house-price-september-quarter/107289400
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Australian capital-city house prices post record quarterly fallPrices fell in every capital city during the September quarter, with Perth recording the sharpest decline at 7.4 per cent.
Key FactsOct 22, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: abc.net.au
Summary created with AI assistance · Source: abc.net.au
- Domain data showed house prices fell 4.7 per cent in every capital city, the first such decline in 15 years and only the second on record.
- Perth recorded the sharpest decline at 7.4 per cent; combined capital-city house prices stood at $1,226,566.
- Sydney and Melbourne recorded their largest quarterly declines in four years, falling 4.7 and 3.3 per cent respectively.
- Gerard Burg of Cotality called the downturn demand-led and cited higher rates, reduced affordability and cost-of-living pressures.
Confidence has really evaporated. Affordability is very stretched and borrowing capacity is reduced dramatically.— Cameron Kusher, property economist, commenting on the downturn in house prices in Australia
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House prices across capitals post steepest quarterly decline ever: Domain: For only the second time ever, house prices have fallen across all Australian capital ...
abc.net.au/news/2026-10-22/domain-house-price-september-quarter/107289400
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