Australia's Housing Market in Clear Downturn
By Ravs Realtors · 6 October 2026 · 1 min read · Source: The Guardian
Australia's housing market is experiencing a significant downturn, with national property values decreasing by 5.2% since March 2026. This decline is largely attributed to the Reserve Bank of Australia's consecutive interest rate hikes throughout the year.
This broader national trend indicates that Melbourne's western growth corridor is likely to continue facing downward price pressure. Buyers may find increased negotiation power, while sellers should be prepared for a more competitive market.
Summarised by Ravs Realtors from reporting by The Guardian.
