Australia Housing Market 2026: House Prices Fall Again as RBA Raises Rates to 4.60%
Australia House Prices Fall for Sixth Straight Month: Is the Property Market Heading for a Bigger Correction? Sydney | September 30, 2026 Australia’s housing downturn deepened in September, with national home values falling for a sixth consecutive month as higher mortgage rates, weaker buyer confidence and rising property listings put more pressure on the market. National home prices fell about 1.1% in September from August and are now around 5.2% below their recent peak , according to data reported by Reuters. Sydney recorded one of the sharpest monthly falls, while weakness also spread across Melbourne, Brisbane, Adelaide and Perth. The timing is particularly important. Only a day earlier, the Reserve Bank of Australia raised its cash rate by another 25 basis points to 4.60% , the highest level in 15 years, saying inflation remained too high and some of the risks it had warned about were becoming more serious. For homeowners, first-time buyers and investors, that creates a di...