{"id":565188,"date":"2026-07-24T01:52:56","date_gmt":"2026-07-24T01:52:56","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/565188\/"},"modified":"2026-07-24T01:52:56","modified_gmt":"2026-07-24T01:52:56","slug":"unit-prices-down-as-affordability-shapes-the-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/565188\/","title":{"rendered":"Unit prices down as affordability shapes the market"},"content":{"rendered":"


\n Units are leading the downward trend in real estate prices across Australia. (Jono Searle\/AAP PHOTOS)<\/p>\n

Australia’s home values are continuing to fall as investors and first home buyers alike nervously survey the market post-federal budget. <\/p>\n

Domain data shows homes in almost all capital cities decreased in value in the last quarter. <\/p>\n

Units had the most consistent downturn, reflecting a decrease in interest from investors and first home buyers who typically purchase in lower price brackets.<\/p>\n

“Price declines across almost every capital city suggest investors and first-home buyers are becoming more cautious as borrowing costs rise and expectations of future price growth moderate,” Domain chief of research Nicola Powell said. <\/p>\n

\"house
\n Real estate prices are continuing to fall in some of Australia’s capitals. (Susie Dodds\/AAP PHOTOS)<\/p>\n

The cautiousness was largely a response to changes to capital gains tax and negative gearing announced in the May federal budget, which have made investing less attractive. <\/p>\n

Geopolitical pressures, including material supply constraints due to conflict near the Strait of Hormuz, also played a significant role. <\/p>\n

Adelaide and Canberra had the sharpest quarterly downturn in the unit sector last quarter, at 2.8 and 2.5 per cent respectively. <\/p>\n

Sydney came in next with a 1.5 per cent decrease, followed by Perth at 1.3 per cent. <\/p>\n

The figures are a marked deviation from market trends in the year prior to June, during which apartments in all capitals grew in value. <\/p>\n

\"construction
\n High construction costs continue to support house prices. (Darren England\/AAP PHOTOS)<\/p>\n

Dr Powell said the pivot suggested affordability is now the dominant thing shaping markets, as many buyers hit their spending ceiling. <\/p>\n

“Strong population growth, limited housing supply and elevated construction costs continue to support prices, but affordability is now the dominant force shaping the market. <\/p>\n

Buyers have more choice, less urgency and greater negotiating power than they’ve had in several years,” she said. <\/p>\n

Darwin, which continues to be a strong city for investment, is the only place where unit prices grew last quarter. They were up 5 per cent, to a median price of 443,300. <\/p>\n","protected":false},"excerpt":{"rendered":"Units are leading the downward trend in real estate prices across Australia. (Jono Searle\/AAP PHOTOS) Australia’s home values…\n","protected":false},"author":2,"featured_media":565189,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2476,72,3109,113,3113,61,3107,60,43,3110,3108,3111,3112,268],"class_list":["post-565188","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-breaking-news","tag-business","tag-daily-news","tag-economy","tag-global-news","tag-ie","tag-inkl","tag-ireland","tag-news","tag-news-app","tag-news-headlines","tag-news-today","tag-today-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/565188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=565188"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/565188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/565189"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=565188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=565188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=565188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}