Australian House Prices Decline for Sixth Consecutive Month

Australian national dwelling values decreased by 1.1% in September 2026, extending the cumulative decline to 5.2% since the March peak. Most capital cities, except Darwin, saw a drop in home values, with Brisbane and Sydney experiencing the sharpest monthly falls.

This continued downturn suggests a more cautious market for buyers and investors in Melbourne's western growth corridor, potentially offering opportunities for negotiation as prices adjust to higher interest rates and affordability constraints.