Australia's housing market is facing a widening downturn, with capital city dwelling prices falling for three consecutive months and building approvals softening. ANZ Research anticipates further declines in both prices and construction activity due to rising feasibility pressures.
Key Takeaways
- 1.Australia's housing market is experiencing a significant downturn with capital city dwelling prices recording their largest monthly fall since late 2022.
- 2.The housing market downturn is broadening beyond Sydney and Melbourne to affect Canberra, Adelaide, and Brisbane.
- 3.ANZ has lowered its housing price forecasts, expecting capital city prices to fall 2.1% in 2026 and 3.3% in 2027.
Table of Contents
- Australian Economic Update
- Housing prices, dwelling approvals and private sector credit
- Important Notice
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Authors
Madeline DunkAdam Boyton
Themes
Construction FeasibilityHousing Market Downturn
Regions
Asia PacificAustralia