{
  "id": 10957595,
  "title": "Aussie house prices falls are worse than thought",
  "url": "https://urgent.news/2026/09/30/aussie-house-prices-falls-are-worse-than-thought",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T14:01:02.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/10/aussie-house-prices-falls-are-worse-than-thought/"
  },
  "original_language": "en",
  "account": "Australia's housing market is experiencing a more severe downturn than initially anticipated, according to revisions by Cotality. The company's dwelling values index has dropped by 3.8% over the last quarter at a national level, but the overall decline has been revised to 6.4%, which is significantly worse than the 6.0% suggested by the index. The biggest declines have been seen in Perth and Brisbane, with values falling by 6.0% and 5.4% respectively. A staggering 97% of capital city suburbs have experienced a drop in value over the past three months, indicating the widespread nature of this housing crisis.\n\nHousing turnover has also fallen sharply, down 19.1% year-on-year to be 13.3% below the five-year average, which could have broader economic implications. The number of home sales is down, and the rate of sales has fallen faster than the rate of new listings entering the market. As a result, listed homes are taking significantly longer to sell, with a median time of 39 days compared to 23 days a year ago.\n\nThis sharp decline in housing prices, combined with the Reserve Bank of Australia's recent rate hike and expectations of further increases, could lead to one of the largest price crashes in Australian history. Analysts warn that this could follow a similar pattern to what has been seen in New Zealand and Canada, with a two-year sharp decline followed by years of stagnation. The fear of overpaying for homes could replace the current Fear of Missing Out (FOMO) among buyers.",
  "summary": "Just when you thought that Australia’s housing correction couldn’t get worse, Cotality has revised its dwelling values index downward, meaning that values have fallen more sharply than expected. Let me explain. Cotality’s daily dwelling values index, which tracks home values across the five major capital city markets, has recorded a 3.8% quarterly decline at the The post Aussie house prices falls…",
  "key_points": [
    "Australia's housing market downturn worse than initially reported",
    "Cotality's dwelling values index declines 6.4%, up from 6.0%",
    "97% of capital city suburbs experienced value drops in 3 months"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}