Australian Property News

Melbourne House Prices Fall by $65,000, Below 2021 Levels

By Ravs Realtors · 2 September 2026 · 1 min read · Source: realestate.com.au
Photo: pellethepoet / flickr · CC BY 2.0

Recent reports indicate that Melbourne house prices have decreased by approximately $65,000, pushing values below those recorded in 2021. This marks a notable adjustment in the city's residential property market.

This price correction in Melbourne could create more affordable entry points for first-home buyers and investors in the western growth corridor. Sellers in this area may need to recalibrate their expectations to align with the current softening market conditions.

Summarised by Ravs Realtors from reporting by realestate.com.au.

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