{"id":912121,"date":"2026-10-01T10:28:13","date_gmt":"2026-10-01T10:28:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/912121\/"},"modified":"2026-10-01T10:28:13","modified_gmt":"2026-10-01T10:28:13","slug":"property-news-home-values-slide-across-97-per-cent-of-australian-capital-city-suburbs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/912121\/","title":{"rendered":"Property news: Home values slide across 97 per cent of Australian capital city suburbs"},"content":{"rendered":"

Australia\u2019s<\/a> property market has taken another beating, with almost every capital city suburb plunging in value<\/a> over the past three months.<\/p>\n

Cotality\u2019s latest Home Value Index shows national dwelling values fell 1.1 per cent in September, marking a sixth consecutive monthly fall.<\/p>\n

\"Auction\"<\/p>\n

Almost every capital city suburb plunged in value over the past three months.\u00a0nna\\joshua.buchwald<\/p>\n

Homes are now worth 5.2 per cent less nationally than at their March peak.<\/p>\n

Brisbane<\/a> recorded the biggest monthly fall among the capitals, with values down 1.5 per cent in September, narrowly ahead of Sydney\u2019s 1.4 per cent drop.<\/p>\n

Darwin<\/a> was the only capital to buck the trend, with values rising 0.4 per cent.<\/p>\n

Cotality research director Tim Lawless said losses were now being recorded across virtually every corner of the capital city market.<\/p>\n

\u201c97 per cent of capital city suburbs were down in value over the three months to the end of September, highlighting the broad-based scope of this negative housing cycle,\u201d he said.<\/p>\n

Sydney<\/a> remains one of the hardest-hit markets, with home values now 8.6 per cent below their February peak.<\/p>\n

Melbourne<\/a> values dropped another 0.7 per cent in September and are now 7.2 per cent below their November 2025 high.<\/p>\n

\"For<\/p>\n

Capital city homes now take a median of 39 days to sell, up from 23 days a year ago.\u00a0Getty Images\/iStockphoto<\/p>\n

Adelaide<\/a> fell 1.3 per cent, Perth was down 1.2 per cent, and Canberra lost 1.1 per cent.<\/p>\n

Despite their recent falls, Perth<\/a> and Brisbane remain above where they were a year ago, with annual gains of 10.1 per cent and 5.9 per cent respectively.<\/p>\n

Darwin has recorded the strongest annual result at 11.9 per cent, while Sydney is down 7 per cent and Melbourne has lost 6.2 per cent over the year.<\/p>\n

The figures come after the Reserve Bank lifted the cash rate<\/a> by another 0.25 percentage points on Tuesday, taking it to 4.6 per cent after four increases this year.<\/p>\n

Canstar estimates the four hikes have cut the borrowing capacity of someone earning the average full-time wage of $108,650 by about $47,400 since the start of the year.<\/p>\n

As for the market, the slowdown is also showing up in the number of homes being sold.<\/p>\n

\"\"<\/p>\n

The national median dwelling value stood at $899,236 at the end of September.\u00a0iStock<\/p>\n

Cotality estimates sales over the past three months were 19.1 per cent lower nationally than a year ago, with Brisbane recording the biggest fall at 27.2 per cent.<\/p>\n

Sydney sales were down 26.5 per cent, and Perth was down 24.2 per cent.<\/p>\n

Buyers are also facing far more choice as unsold properties accumulate.<\/p>\n

Total advertised stock across the capitals was 23.1 per cent higher than a year ago, despite 9.2 per cent fewer new listings coming onto the market.<\/p>\n

Capital city homes now take a median of 39 days to sell, up from 23 days a year ago.<\/p>\n

\u201cThe lift in available stock is improving choice for buyers, but ironically, many prospective buyers don\u2019t have the confidence or financial capacity to buy at the moment,\u201d Lawless said.<\/p>\n

Cotality expects values to continue falling into 2027 as higher rates weigh on demand, although limited housing supply and a resilient labour market<\/a> are expected to help contain the downturn.<\/p>\n

The national median dwelling value stood at $899,236 at the end of September.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s property market has taken another beating, with almost every capital city suburb plunging in value over the…\n","protected":false},"author":2,"featured_media":912122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-912121","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/912121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=912121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/912121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/912122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=912121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=912121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=912121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}