Over the past week we’ve seen new data on home values from Cotality, listings data from SQM Research, household spending from ABS and selected living costs from the ABS.
Next week the focus turns to the RBA’s Monetary Policy decision and their updated economic forecasts, I expect rates to remain on-hold but the RBA will continue to highlight the risks, which are real, of higher interest rates over the coming months. Average weekly earnings data and new mortgage lending data will also be published.
There’s been quite a lot of important property strories published over the week (some included your’s truly) and these are linked below.
Economist’s forecasts play catch-up as housing slumps
Sydney, Melbourne prices to fall 10% as downturn deepens: NAB
Australia’s tallest apartment building site carved up in receiver sale
Top-end property prices hit hardest as housing slump deepens
Labor MPs are lost in housing’s hall of mirrors
Property price slide exposes political peril for Albanese government
ALP turns blind eye to house market mugging as 10% drops warned
Taxpayers underwrite first-home buyer couples earning up to $675k
They’re ahead on their repayments: Labor minister’s negative equity blunder
End of the super-cycle: Big call on the national property market
Sliding housing prices gave the RBA a surprise helping hand
Cotality Home Value Index July 2026
Key insights
National dwelling values were 0.7% lower over the month and 1.9% lower over the three months to July 2026 which in each instance was the largest decline since December 2022. On an annual basis, values were 5.3% higher but the rate of growth is also slowing.
The market weakness is now broadening with each of Sydney, Melbourne, Brisbane, Adelaide and Canberra seeing monthly value falls and most other regions have seen a further slowing of growth.
The most expensive properties continue to see the largest declines and although lower value properties have avoided declines to-date, their rate of growth has slowed significantly.
What does it mean?
The trends in home values are continuing and are likely to persist for some time. Value declines are getting larger, more regions are seeing falls and those regions in which values are still rising are seeing the rate of growth slow. With affordability stretched and sentiment towards the market very low, I expect that the weakness is set to continue. Spring is going to be very interesting, I expect fewer properties will come to the market and that may slow the declines but if we see a lot of stock come to market that could lead to larger falls given there is already excess supply of stock for sale relative to buyer demand. I don’t see the declines in the housing market ending this calendar year.
SQM Research Property Listings July 2026
Key insights
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