Australian Property News

Major Banks Downgrade Australian Property Price Forecasts for 2026-2027

By Ravs Realtors · 14 September 2026 · 1 min read · Source: Property Update
Photo: okchomeseller / flickr · CC BY 2.0

Major banks like ANZ, Westpac, and CBA have reduced their property price forecasts for 2026, with some predicting flat national dwelling prices. Sydney and Melbourne house prices are expected to fall through June 2027, contrasting with projected record highs in Perth, Adelaide, and Brisbane.

This divergence means Melbourne's western growth corridor might face continued price adjustments for houses. However, units could show more resilience, and the market may see a gradual recovery by mid-2027.

Summarised by Ravs Realtors from reporting by Property Update.

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