{
  "id": 16049663,
  "title": "House prices are falling everywhere, with worse to come",
  "url": "https://urgent.news/2026/10/22/house-prices-are-falling-everywhere-with-worse-to-come",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T13:01:55.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/10/house-prices-are-falling-everywhere-with-worse-to-come/"
  },
  "original_language": "en",
  "account": "Housing markets across Australia are experiencing a sharp decline, with prices falling in every capital city for the second time on record in the September quarter. This downward trend has been fueled by a surge in the number of listings and weakened buyer demand. The median days on market have increased, especially in cities like Perth, Brisbane, and Adelaide. Despite vendors slashing prices, buyers remain hesitant to make moves. Domain reports that house prices nationwide have dropped by 4.7%, with Perth and Brisbane seeing the steepest declines of -7.4% and -5.4%, respectively. Sydney and Melbourne have also recorded their largest quarterly house price drops in four years, falling by 4.7% and 3.3%, respectively. Experts suggest that the balance of power has shifted towards buyers, as homes take longer to sell and sellers must be more realistic about price expectations. Cotality's daily dwelling values index shows a significant 7.5% drop from their peak in early April across the five major markets. Analysts warn that affordability is very stretched, with borrowing capacity reduced dramatically following four rate hikes this year. With interest rates nearing 7%, further tightening from the Reserve Bank of Australia could lead to a sharp decline in prices.",
  "summary": "In my 15 years covering the housing market at MacroBusiness, I have never seen housing conditions as weak as they are now. According to Cotality, monthly sales volumes have now been lower than a year earlier for nine consecutive months, with September’s sales tracking 20.9% below the same time last year: Meanwhile, listings are piling The post House prices are falling everywhere, with worse to…",
  "key_points": [],
  "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."
}