{
  "id": 16365800,
  "title": "Some regions still climbing as nation sees record drop in house prices",
  "url": "https://urgent.news/2026/10/24/some-regions-still-climbing-as-nation-sees-record-drop-in-house-prices",
  "topic": "world",
  "section": "World",
  "published": "2026-10-24T20:17:18.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-10-25/sa-sees-nations-largest-increase-in-regional-house-prices/107300928"
  },
  "original_language": "en",
  "account": "In a shocking turn of events, Australia has witnessed its largest ever drop in house prices, with the nation's housing market falling 4.7% in the latest quarter, the steepest quarterly decline on record. Every capital city has experienced a decline in median house prices for the first time in 15 years, with the trend beginning to appear outside major cities as well.\n\nWhile regions like Victoria, the Northern Territory, and South Australia have seen regional prices rise, the real estate market in regional South Australia has seen particularly steep increases. In this region, inquiries to real estate agents have plummeted, with one agent reporting a 99% decline in recent weeks.\n\nOne Adelaide resident, Helen Burns, decided to move to a nearby town in South Australia after finding a better deal. The move allowed her to triple the land size and double the house size for only $20,000 more than her previous property. This type of calculation has led to regional prices rising in Victoria, the Northern Territory, and South Australia, with regional South Australia experiencing the steepest increase.\n\nHowever, the situation has taken a dramatic turn, with interest rates reaching a 15-year high. Real estate agents in regional South Australia have reported a sharp decline in inquiries, with one agent describing the situation as \"nothing short of crazy.\" The latest Domain property report showed that house prices outside of Adelaide rose by 19% in the past year, with the median price at $595,000.\n\nExperts predict that Australia's housing market is at the tail end of one of the longest and most pronounced booms in history. While some regional areas may continue to perform strongly, a long-term correction is expected in the near future.",
  "summary": "Home buyers moving from the city to the country have kept regional housing markets high, but it could be coming to an end.",
  "key_points": [
    "Australia's housing market dropped 4.7% in the latest quarter, record decline.",
    "Every capital city saw a decline in median house prices for first time in 15 years.",
    "Regional South Australia experienced steepest increase in property prices."
  ],
  "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."
}