Australian Home Prices Continue July Downturn
By Ravs Realtors · 2 August 2026 · 1 min read · Source: realestate.com.au
National dwelling values decreased by 0.3-0.7% in July, now sitting 1.8-2.5% below their March 2026 peak. Sydney and Melbourne experienced the most significant drops, while Darwin recorded slight growth.
This trend suggests a more cautious market in Melbourne's western growth corridor. Buyers might find increased negotiation power and less competition for properties, requiring sellers to adjust expectations.
Summarised by Ravs Realtors from reporting by realestate.com.au.
