Expert Forecasts 10-15% Peak-to-Trough Property Price Decline

Shane Oliver from Livewire Markets forecasts a significant 10-15% peak-to-trough decline in Australian property prices, with 5.2% already realized. This downturn is expected to continue, with prices potentially not bottoming out until mid-2027.

For Melbourne's western growth corridor, this outlook suggests a prolonged period of price adjustments. Buyers might benefit from waiting, while investors should focus on properties with strong rental yields, which are currently seeing growth.