Australian Property News

KPMG Forecasts Continued Housing Market Weakness

By Ravs Realtors · 4 August 2026 · 1 min read · Source: Kpmg
Photo: Queensland State Archives / flickr · Public Domain

National house prices are forecast to fall by 1.1% in 2026, while unit prices are expected to show more resilience with a 2.2% increase. Melbourne house prices are specifically projected to decline by 5.0% this year.

This forecast suggests that buyers in Melbourne's western growth corridor could see more favourable purchasing conditions in the short term. Investors might consider units for potentially more stable performance compared to detached houses.

Summarised by Ravs Realtors from reporting by Kpmg.

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KPMG Forecasts Continued Housing Market Weakness | Ravs Insights