EconomyCan Australia make housing affordable without a major market crash? We may soon find out

Australia’s housing downturn, initially driven by three interest-rate rises, is being shaped further by changes to property investor taxes. Capital-city prices are forecast to fall 7.8% peak to trough, with declines near 10% in Sydney and Melbourne, before stabilising in early 2027 and growing modestly as rates fall.

Australiahousing markethouse pricesinterest rates

TThe Guardian★★★☆☆2026-08-06 15:00Original