{
  "id": 17605535,
  "title": "Australian home values downgraded again",
  "url": "https://urgent.news/2026/11/01/australian-home-values-downgraded-again",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T13:01:11.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/11/australian-home-values-downgraded-again/"
  },
  "original_language": "en",
  "account": "Cotality's official dwelling value results for November have again been heavily downgraded, with home values falling more sharply than the daily dwelling values index indicates. The daily index shows a 4.1% quarterly decline at the five-city aggregate level, while Cotality's October results indicate a 4.5% decline across the combined capital cities, significantly more than the 4.1% suggested by the daily index. The decline from peak values in the combined capital cities has been revised to 8.1%, higher than the 7.9% implied by the daily index. Brisbane and Perth have experienced the most significant value downgrades, with declines of 8.3% and 8.9% respectively, compared to the index's 7.0% and -7.7%. Cotality's research director, Tim Lawless, highlighted the housing market's sharpest decline on record, driven by affordability constraints, interest rate hikes, low confidence, and living cost pressures. The Federal Budget has exacerbated the downward pressure since mid-May. The decline in home values is the fastest pace seen in the past 40 years, with the combined capitals index down 8.1% in seven months. Mid-sized capitals, which enjoyed extreme growth conditions for the past six years, are now in a correction phase, with virtually every suburb in Brisbane, Perth, and Adelaide recording a drop in values over the past three months. Home sales have fallen by 13% year-on-year, being 18% below the five-year average, most notably in Sydney and Brisbane, down 30% and 29% respectively. Listings have risen to the highest level for this time of the year since 2019, indicating a buyer's market with low confidence and serviceability barriers. With the Reserve Bank likely to hike interest rates again, Australia's housing downturn may deepen, potentially following New Zealand's and Canada's two-year sharp decline followed by years of stagnation. Lawless expects FOMO to be replaced by the Fear of Overpaying (FOOP).",
  "summary": "Once again, Cotality’s official dwelling value results for November have been heavily downgraded, with values falling far more sharply than its daily dwelling values index suggests. Let me explain. Cotality’s daily dwelling values index, which tracks home values across the five major capital city markets, recorded a 4.1% quarterly decline at the 5-city aggregate level: The post Australian home…",
  "key_points": [
    "Cotality downgrades Australian home values again",
    "Brisbane and Perth see 8.3% and 8.9% declines",
    "Housing downturn fastest in 40 years"
  ],
  "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."
}