Australia's Property Slump Deepens, Expected to Continue into 2027

The Australian housing market's slump is deepening, with national prices in September retreating to levels last seen a year prior. This downturn is largely attributed to increased borrowing costs and recent tax changes affecting property investors.

This extended downturn could mean continued challenges for sellers in Melbourne's western growth corridor, while offering a prolonged window for buyers to enter the market at potentially lower prices. Investors should carefully assess long-term growth prospects.