Four interest rate hikes this year alongside investor tax changes have triggered the fastest capital city price slide in 40 years. The downturn has spread past Sydney and Melbourne into mid-sized markets like Brisbane and Perth, where nearly all suburbs recorded losses over the last three months. Even as Morgan Stanley warns of peak-to-trough drops reaching 15%, substantial long-term gains continue to protect the equity of most established homeowners. In the rental market, vacancies are rising as tenants cope with costs by sharing accommodations or moving in with relatives, though rents still sit over 50% higher than six years ago.
Key points
Home prices across Adelaide, Brisbane, Perth, and Hobart have roughly doubled over the pa…: Home prices across Adelaide, Brisbane, Perth, and Hobart have roughly doubled over the past decade to keep most owners in positive equity.
The property market downturn is no longer confined to major hubs and has broadened across…: The property market downturn is no longer confined to major hubs and has broadened across almost every suburb in Brisbane and Perth.
Rental vacancy rates are climbing higher as tenants mitigate elevated living costs by sha…: Rental vacancy rates are climbing higher as tenants mitigate elevated living costs by sharing homes or moving in with relatives.
Sources checked by our analysis pipeline: 1
Australian home values have dropped for a seventh consecutive month, with prices in the capital cities now falling at the fastest pace in 40 years as rising mortgage rates scare off buyers.
Cotality data shows the centre of the downturn is also shifting away from Sydney and Melbourne toward the mid-sized state capital cities, with Brisbane and Perth leading October’s declines.
Combined values across the state and territory capital cities fell 1.4% over the month.
Cotality’s research director, Tim Lawless, said the downturn was now broad-based, with capital city home values down 8.1% since March.
“The mid-sized capitals, where home values recorded extreme growth conditions over the past six years, are now well and truly in a correction,” Lawless said.
“Virtually every suburb across Brisbane, Perth and Adelaide has recorded a drop in value over the past three months.”
The property market has been weighed down by four interest rate hikes this year, with a fifth widely expected when the Reserve Bank hands down its decision on Tuesday.
Most economists anticipate double-digit falls in Australian property prices as interest rates…
Federal investigators have formally attributed the October 29 cyberattack on the major digital asset exchange to state-sponsored actors operating under the designation TraderTraitor. The theft drained billions in customer holdings before platform operators suspended access to stem the immediate bleeding. The incident underscores the persistent vulnerability of centralized trading hubs to sophisticated international illicit finance networks.
Analysts expect the Kolkata-based conglomerate to face substantial profitability headwinds in its upcoming quarterly report due to acute margin compression and elevated excise costs. While non-cigarette consumer goods continue to demonstrate robust momentum, weakness in the primary tobacco division is projected to trigger double-digit declines in earnings. This operational divergence leaves market sentiment mixed following a prolonged downward trend in the company's valuation over the past year.
Federal reserve funds that support millions of aging Americans face depletion early next decade, threatening steep across-the-board income reductions for retirees. Program trustees and fiscal analysts warn that congressional inaction could immediately trigger benefit drops of more than 20 percent. The resulting fallout extends beyond personal household budgets to broader economic contraction and higher borrowing costs nationwide.