The Housing Market's Tipping Point The latest figures from Cotality confirm Australia's housing market is in free fall. With interest rates rising and budget policies taking effect, property prices are plummeting.
However, the data reveals a more complex story – one that highlights deeper structural issues in the economy.
Sydney and Melbourne, once leading markets, are posting their largest value declines since the Albanese government took office. In Sydney, the median house price dropped 1.