Major Bank and Real Estate Giant Agree on Continued House Price Falls

Commonwealth Bank and REA Group share a similar outlook, predicting that Australian house prices will continue to fall into 2027. This consensus is based on the impact of four interest rate rises this year and recent federal government changes to negative gearing and capital gains tax benefits. The market is not expected to bottom out until well into next year.

For those in Melbourne's western growth corridor, this unified forecast suggests a prolonged period of market correction. Buyers might benefit from waiting, while sellers should prepare for a more challenging environment with potentially longer selling times and price adjustments.