Australia’s Cotality Home Value Index declined 1.2% month-on-month in October 2026, extending the downturn and leaving home values 6.7% below their March 2026 record high. The decline spread across more capital cities and regional markets, as affordability constraints, higher interest rates, elevated living costs and weaker consumer sentiment continued to erode purchasing power and dampen buyer demand. Among the major cities, Brisbane and Perth recorded the steepest monthly declines, with prices falling 2.0% and 1.7%, respectively. However, the correction remained more pronounced in Sydney, where values dropped a further 1.6% in October, leaving them 9.4% lower year-on-year. Melbourne also continued to experience significant annual declines, with prices down 7.6% over the year, despite a milder monthly fall of 0.8%. Adelaide remained relatively resilient compared with other major markets. Although home values declined 1.2% in October, they remained 3.7% higher than a year earlier. source: Cotality, Australia

CoreLogic Dwelling Prices MoM in Australia decreased by 1.20 percent in October from -1.30 percent in September of 2026. CoreLogic Dwelling Prices MoM in Australia averaged 0.49 percent from 1980 until 2026, reaching an all time high of 5.50 percent in June of 1988 and a record low of -2.90 percent in September of 1984. This page includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM. Australia Cotality Dwelling Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

CoreLogic Dwelling Prices MoM in Australia decreased by 1.20 percent in October from -1.30 percent in September of 2026. CoreLogic Dwelling Prices MoM in Australia is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Cotality Dwelling Prices MoM is projected to trend around 0.30 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 02:01 PM
Cotality Dwelling Prices MoM
Sep -1.1% -0.9% -0.9%
2026-11-01 01:01 PM
Cotality Dwelling Prices MoM
Oct -1.2% -1.3% -1.3%
2026-11-30 01:01 PM
Cotality Dwelling Prices MoM
Nov -1.2%


Related Last Previous Unit Reference
Average House Prices 1100.40 1108.60 AUD Thousand Jun 2026
Building Permits 16953.00 18056.00 Units Aug 2026
Building Permits MoM 5.10 -5.20 percent Sep 2026
Building Permits YoY -0.80 12.10 percent Sep 2026
Construction Work Done -2.10 4.30 percent Jun 2026
Cotality Dwelling Prices MoM -1.20 -1.30 percent Oct 2026
Home Loans MoM 60526.80 61705.10 AUD Million Jun 2026
Home Ownership Rate 67.00 66.00 percent Dec 2022
Investment Lending for Homes 37121.10 41323.20 AUD Million Jun 2026
Mortgage Rate 6.21 6.21 Percent Aug 2026
Private House Approvals MoM -5.30 5.40 percent Sep 2026
Residential Property Prices 8.26 10.30 Percent Jun 2026


Australia Cotality Dwelling Prices MoM
In Australia, the Cotality Home Value Index aims to measure month to month movements in the value of Australian housing markets. Rather than relying solely on transacted sale prices to provide a measure of housing market conditions, the Cotality Home Value Index is based on a ‘hedonic’ methodology which includes the attributes of properties that are transacting as part of the analysis. The Home Values Index provides monthly capital growth measurements across three broad housing types: detached houses, units and a combined dwellings index that includes both houses and units.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 -1.30 5.50 -2.90 1980 - 2026 percent Monthly
NSA

News Stream
Australian Home Prices Fall 1.2% in October
Australia’s Cotality Home Value Index declined 1.2% month-on-month in October 2026, extending the downturn and leaving home values 6.7% below their March 2026 record high. The decline spread across more capital cities and regional markets, as affordability constraints, higher interest rates, elevated living costs and weaker consumer sentiment continued to erode purchasing power and dampen buyer demand. Among the major cities, Brisbane and Perth recorded the steepest monthly declines, with prices falling 2.0% and 1.7%, respectively. However, the correction remained more pronounced in Sydney, where values dropped a further 1.6% in October, leaving them 9.4% lower year-on-year. Melbourne also continued to experience significant annual declines, with prices down 7.6% over the year, despite a milder monthly fall of 0.8%. Adelaide remained relatively resilient compared with other major markets. Although home values declined 1.2% in October, they remained 3.7% higher than a year earlier.
2026-11-02
Australian Home Values Fall Again
Australia’s Cotality Home Value Index fell 1.1% month-on-month in September 2026, and are now 5.2% below their March 2026 record high, as the downturn spread across more capital cities and regional areas amid affordability constraints, higher interest rates, elevated living costs and weaker consumer sentiment, all of which have reduced purchasing capacity and dampened buyer demand. Brisbane posted the sharpest decline among capital cities, with values falling 1.5%, narrowly exceeding Sydney’s 1.4% drop. Sydney remains at the forefront of the correction, with values 8.6% below their February peak, while Melbourne fell 0.7% and is now 7.2% below its November 2025 high. Nationally, home values were flat year-on-year, with strong gains in Perth (10.1%) and Darwin (11.9%) offset by declines in Sydney (-7.0%), Melbourne (-6.2%) and Canberra (-1.6%).
2026-09-30
Australian Home Prices Extend Decline
Australia’s Cotality Home Value Index fell 0.9% month-on-month in August 2026, following a 1.2% decline in July. Home values are now 3.6% below their peak, although still 2.7% higher than a year earlier, as the housing downturn spread across more capital cities and regional areas, with the prospect of further policy tightening pointing to tougher conditions ahead. Sydney and Melbourne again led the declines, falling 1.4% and 1.1%, respectively. Nearly all capital cities recorded losses, with momentum also cooling in previously strong markets such as Brisbane and Perth, which fell 1.0% and 0.8%, respectively. Cotality said Sydney prices, now 7.1% below their February peak, were now falling faster than during the 2022-23 correction, when the RBA raised interest rates by 425 basis points and home values declined 6.6%.
2026-08-31