Rising Listings and Falling Demand Drive Prices Lower
By Ravs Realtors · 23 September 2026 · 1 min read · Source: Macrobusiness
Since mid-April 2026, Australia's house price correction has reached 5.7%, approaching the largest downturn in 40 years. This decline is now spreading to mid-sized capital cities, with Sydney and Melbourne also affected.
This trend of rising listings and falling demand could create a more competitive environment for sellers in Melbourne's western growth corridor. Buyers may find themselves in a stronger position to negotiate prices as supply outstrips demand.
Summarised by Ravs Realtors from reporting by Macrobusiness.
