(Cameron Micallef’s article from NEWS.COM AUSTRALIA on 08 September 2026.)
Property
price fall ‘tip of the iceberg’ as Aussie households warned $1.3 trillion
wipeout looms: Australian homeowners are officially $34.1bn poorer – and
economists say that staggering loss barely scratches the surface of what’s
coming.
Households
are officially $34.1bn poorer, but experts warn the worst is yet to come as
property prices are tipped to fall for the next 12-months. Australian Bureau of
Statistics latest values of dwellings shows homeowners have officially lost
$34.1bn as the housing market decline begins. The total value of Australian
residential property is now $12.7 trillion.
AMP chief economist Shane Oliver told NewsWire this is just the tip of the iceberg, with up to a trillion dollars expected to come off the market. “There’ll be a lot more to come, the downtrend is only just starting,” he said. “Even allowing for data that has already been reported there is more downside to show up in the current quarter and of course the current quarter has seen an acceleration in price falls.”








