realestate.com.au Home Price Report – September 2026

Australian home prices fell for a sixth consecutive month in September, as higher interest rates continued to constrain borrowing capacity and weigh on housing demand. National home prices declined 0.2% over the month and are now 3.3% below their March 2026 peak. Annual growth has slowed to just 0.1%.Sydney and Melbourne continued their price falls, but downward momentum has strengthened in Adelaide, Brisbane and Perth - all markets that had previously proved more resilient.The spring selling season has so far failed to deliver the usual lift in momentum. Softer auction clearance rates, longer selling times and weaker sales volumes point to subdued buyer demand and a wider gap between buyer and seller price expectations.However, conditions remain uneven. Regional markets continue to outperform the capitals, while units are proving more resilient than houses as affordability shapes buyer demand.Key findingsNational home prices fell 0.2% in September, marking the sixth consecutive monthly decline. Prices are now 3.3% below their March peak and just 0.1% higher year-on-year. Combined capital city prices fell 0.3% and are now 4.3% below peak and 1.6% lower than a year ago. Adelaide (-0...