(Aidan Devine’s Post from the REALESTATE.COM.AU on 09 October 2026.)
Australian
house values fall in 82 per cent of suburbs as downturn spreads: A “perfect
storm” of interest rate hikes, war abroad and controversial federal tax reforms
has broadened previous weakness in Australia’s housing market into a wider
downturn that is now touching nearly every suburb.
New
data shows what began as a slump confined to Sydney and Melbourne’s blue-chip
enclaves has morphed into a bigger correction, ripping through working-class
suburbs and coastal hubs alike.
The
analysis of exclusive realestate.com.au figures revealed a staggering 82.2 per
cent of suburbs nationwide recorded average drops in house values over the past
three months. It marks the first full quarter of suburb-by-suburb market data
since sweeping federal budget reforms hit the property sector in May, including
caps on negative gearing.
Just 10.6 per cent of suburbs eked out growth in house values, while 7.1 per cent recorded no change. The past three month represent the first full quarter of sales results since the Labor government’s sweeping tax reforms in the May federal budget.








