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Australia’s property downturn is gathering pace, with major forecasts being downgraded and some markets facing falls of up to 10%.
Sydney’s premium suburbs are feeling the pressure, Geelong sellers are cutting prices and rising vacancy rates are changing the equation for investors, even as pockets of Melbourne and the luxury market show resilience.
For home buyers, falling prices are yet to translate into genuine relief, with affordability hitting record lows and cautious households navigating rates, tighter budgets and an increasingly uneven market.
– The HomeGuru Team
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Auction Clearance Rates
Home Buyers Around the Country
Economy grows 0.4% as households stay cautious (ABN)
Melbourne auctions clear 58.8 per cent as Bundoora home sells $95k above guide (REA)
‘Totally ruined’: Aussies reject push for more homes (Domain)
Housing affordability ‘to remain a challenge’ as rates hit record low (ABC)
Centrelink alert that Aussies could lose payments over growing granny flat move: 'It's worth checking' (Yahoo)
Broking industry, banking giants pitch housing crisis fixes (MPAMag)
New score aims to turn renters' on-time payments into mortgage credit (ABN)
Victoria named most affordable state as rates smash home dream (REA)
The NSW regional town where country and cosmopolitan life converge (Domain)
Crackdown on alleged misuse of housing contract sunset clauses in SA (ABC)
This $3.55m sale shows why some buyers still want to build (AFR)
Locked out: housing affordability falls to an all-time low (ABN)
What to look for when buying with family (News)
Investors
CBA slashes forecast, names cities at risk (News)
The Sydney suburb where house prices dropped $585k – to a new median of $2.95m (AFR)
Noosa shock: Queensland tipped to crack $50 million residential property record (Domain)
Vacancy rates rise: Where investors can still find opportunities (SPI)
Labor’s trust tax backdown explained: Pay, lock in or face penalties (AFR)
Why investors are looking beyond traditional property sectors (FirstLinks)
Geelong homeowners forced to slash prices amid tax changes (REA)
Downturn to see properties fall by 10% (SPI)
Melbourne house prices to surge in five key areas post-election (REA)
Commonwealth Bank changes tune on property market as Australia faces 'quickest and deepest' downturn (Yahoo)
Bathla $3.4b in debt and facing work halting at some sites (ABC)
Market volatility puts brokers to the test (ABN)
Labor's house price math doesn't add up, critics say (MPAMag)
Property Stat of the Week
Credit: Domain Rent Report, June 2026
Property Chatter
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