Australian Property

The bottom has well and truly fallen out of Australia’s auction market, with Cotality’s final clearance rate for last weekend collapsing to only 43.6% nationally, the worst result since late June: Auction volumes were also tracking 42% lower than the same weekend last year.

In the years prior to the pandemic, Victoria came far closer to living up to the slogan which one emblazoned its number plates ‘The Place To Be’, than it does today.

Sydney’s housing correction has reached a new milestone, with dwelling values down 10% from their 6 March 2026 peak, according to Cotality’s daily dwelling values index.

ABC 7.30 Report ran a segment on how Australia’s rental crisis is forcing tenants into group accommodation and other sub-optimal living arrangements to save on costs.

Six months ago, Perth’s housing market looked impervious to a house price correction, with values continuing to grow at a solid pace.

In recent times, One Nation and its leader Pauline Hanson have gained an incredible amount of ground in the polls, rising to often top the polls on primary vote.

Australia’s housing market is facing its largest price correction in living memory.

Over the years, weekend property auction results have become a key barometer the media uses to illustrate the housing market’s strength at a given moment.

In the long history of Australia’s housing prices, intervention to support housing prices from the government or the Reserve Bank has never been far away from the market when prices were falling significantly.

The private credit market, which has grown to around $200 billion in assets, has become a key lender to developers as traditional banks pull back from construction lending due to tightening risk appetites.

In my 15 years covering the housing market at MacroBusiness, I have never seen housing conditions as weak as they are now.

Amid an already challenging environment for the nation’s housing market, the latest figures from Cotality suggest prospective sellers face ever greater competition to sell, even as fewer owners put their properties on the market.

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser gave an interview at Citi’s Australia & New Zealand Investment Conference in Sydney on Wednesday.

Two reports suggest Australia’s residential construction market is weakening significantly amid falling prices, rising interest rates, and the federal budget changes to negative gearing and capital gains tax.

Four interest rate hikes this year have placed Australians under severe mortgage stress.

Last week, in an interview with News 24, Home Affairs and Immigration Minister Tony Burke refused to concede the Albanese government had made a mistake by allowing net overseas migration to surge following the reopening of Australia’s international borders.

A few months ago, Perth looked like the nation’s last remaining housing stronghold, with values holding firm while they crumbled across the rest of Australia.

Amidst an already challenging set of circumstances for the nation’s residential construction sector, the latest Housing Industry Association (HIA) home sales figures have provided another unwelcome reality check for the Albanese government’s “aspiration” to build 1.2 million new homes over its 5 year ‘Housing Accord’ period.

Australia’s property market is facing its biggest price correction in more than 40 years, with values down by 7.1% across the five major markets since early April, according to Cotality.

Brisbane is now in the midst of a deep house price correction.

Earlier this month, housing minister Clare O’Neil boasted that the government’s expanded 5% deposit scheme, introduced on 1 October 2025, had ‘helped’ more than 100,000 people into the housing market.

The federal budget’s changes to negative gearing and capital gains tax (CGT) aimed to reduce investor demand for established housing, lowering prices without harming housing supply.