# Australian home values post steepest seven-month fall in 40 years

- URL: https://talkfuse.com/story/australian-property-prices-plunging-at-fastest-rate-in-40-years-after-seven-straight-months-of-falls-as-rate-decision-looms/
- Published: 2026-11-01T23:37:55+00:00
- Updated: 2026-11-01T23:47:15+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16257109/australian-property-prices-fastest-fall-40-years-seventh-straight-month-decline.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, Business, Markets, World

## Key points

- Australian home prices fell for a seventh month.
- Capital city values are down 8.1 per cent in seven months.
- Sales have weakened as another rate decision looms.

## Summary

Australian home prices fell for a seventh consecutive month in October, with the pace of decline across capital cities the fastest in 40 years. The downturn matters as the Reserve Bank prepares to announce its latest rate decision, with economists widely expecting another increase that could further weigh on buyers and sellers.

Cotality recorded a 1.2 per cent national fall, putting the median dwelling value at $884,855, 6.7 per cent below its March peak, a drop of about $63,400. Capital city values fell 8.1 per cent over seven months; Brisbane and Perth led October’s declines at 2 per cent and 1.7 per cent. Home sales were 23 per cent lower than a year earlier, while properties took a median 39 days to sell.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.