Cotality

But it's always the best time to get into a market when the interest rates are higher because you're not competing with as many people in the market.

Data published today by real estate research firm Cotality shows national home values fell for the seventh consecutive month, down 1.2% in October.

Capital city values dropped 8.1% over that time, the fastest downturn in the past 40 years.

Angus Lander is a buyer's agent in Sydney.

And although he bought while the market was hot and house prices were high, it's a different story now.

New data by real estate research firm Cotality shows national home values have fallen for the seventh consecutive month, down 1.2% in October.

Ryan says his home is now losing value too.

It means essentially paying for it twice, right? So we pay interest every month on our loan, but the value of the house is also going down.

Cotality's latest figures show capital city values dropped 8.1% since March, and the speed of decline is tracking faster than any previous downturn over the past 40 years.

Gerard Berg is Head of Research at Cotality.

The largest downturn that we saw was in Brisbane, which was down about 2%, and Perth down 1.7%.

You know, even six months ago, these two cities looked almost bulletproof in terms of the strength in these markets, but they've deteriorated incredibly rapidly since then.

The headlines are calling for the Australian property market to crash.

And when you look at Cotality's data from last month saying that 97% of suburbs in metro markets declined in the month of September, is there any safe property market out there?

Basically what happens when fear spreads into the market and property prices start coming down is that all markets start coming down at the same time.

So to answer your question, unfortunately there's nothing in Australia that hasn't been impacted by the government changes and the interest rate increases over the last 12 months.

But what we're actually noticing on the ground here at Pumped on Property is even more extreme than the averages that we're seeing from Cotality or HTAG coming out at the moment.

Now if we take a look at Brisbane, for example, and we use Cotality's data, In the last three months, according to Cotality, prices are down across the city by about 5.4%.

But when I actually look at the individual property or suburb level, things look significantly worse on the ground.

In fact, in one of the suburbs down there on the southern side of Brisbane, I saw a house sell in January this year for $1.4 million.

You're listening to SBS On The Money with Ricardo Gonçalves.

everyone it's monday the 2nd of november 2026 a day where the australian share market fell we'll have the details with david scott from stone x very very soon but first to our lead story and that's of the property market the reserve bank board has begun its two-day board meeting and it's expected to announce its fifth interest rate rise of the year tomorrow that's not good news for the property market and it could signal further weakness ahead With a decline in home values now tracking the fastest pace seen in more than 40 years, property researchers at Cotality say the median national price fell 1.2% last month to around $884,000.

It's the seventh consecutive monthly decline, meaning it slumped 6.7% since the March peak, pointing to a decline of more than $63,000.

For more, Tom Kennedy spoke with Cotality's head of research, Tim Lawless.

So Tim, how significant is this downturn and where does it sit historically?

Well, it's been pretty rapid so far, Tom.

Most economists seem to think that we're probably not going to be seeing rate cuts until the middle of next year or through the second half of next year.

So I think that's probably the sort of timing we should expect that the market will stabilize, if not move into some level of subtle growth.

You're listening to SBS On The Money with Ricardo Gonsalves.

everyone it's monday the 2nd of november 2026 a day where the australian share market fell we'll have the details with david scott from stone x very very soon but first to our lead story and that's of the property market the reserve bank board has begun its two-day board meeting and it's expected to announce its fifth interest rate rise of the year tomorrow that's not good news for the property market and it could signal further weakness ahead With a decline in home values now tracking the fastest pace seen in more than 40 years, property researchers at Cotality say the median national price fell 1.2% last month to around $884,000.

It's the seventh consecutive monthly decline, meaning it slumped 6.7% since the March peak, pointing to a decline of more than $63,000.

For more, Tom Kennedy spoke with Cotality's head of research, Tim

Lawless.

So Tim, how significant is this downturn and where does it sit historically?

Most economists seem to think that we're probably not going to be seeing rate cuts until the middle of next year or through the second half of next year.

So I think that's probably the sort of timing we should expect that the market will stabilize, if not move into some level of subtle growth.

But buyers are still holding off, according to one property market researcher.

Houses dropped 1% in the ACT over the past month, selling for an average of $983,965, according to Cotality's October Home Value Index.

While Cotality reported that the median house price was $1.006 million in September, It now reports that revised figures show that the figure was in fact $993,925.

Cotality Executive Research Director Tim Lawless said Canberra's property market decline was more moderate than other areas of the country, but that he did not expect a turnaround anytime soon.

We're definitely expecting this downturn to continue from here.

especially given this broad expectation that rates will rise again in the very near future, Mr. Lawless said.

The value of Canberra houses dropped 1% over October, while local units saw a modest rise of 0.3%.

Cotality's latest Home Value Index report has the median value for a house just under $1 million, while units sit just over $580,000.

Senior economist Gerard Berg says it's due to affordability.

House values in South Canberra down about 6.9%, in North Canberra down 5.4%.

and Australian home values have dropped for a seventh consecutive month, with prices in capital cities falling at the fastest pace in 40 years.

Cotality's research director Tim Lawless said that virtually every suburb across Brisbane, Perth and Adelaide have recorded a drop in value over the past three months.

A fifth interest rate hike this year is expected on Tuesday.

However, over the past decade, property prices have doubled, or almost doubled, in Adelaide, Brisbane, Perth and Hobart, with most homeowners still sitting on sizable gains despite recent drops.