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%. source: Cotality, Australia

CoreLogic Dwelling Prices MoM in Australia decreased by 0.90 percent in August from -1.20 percent in July of 2026. CoreLogic Dwelling Prices MoM in Australia averaged 0.50 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 September of 2026.

CoreLogic Dwelling Prices MoM in Australia decreased by 0.90 percent in August from -1.20 percent in July of 2026. CoreLogic Dwelling Prices MoM in Australia is expected to be -0.40 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
2026-08-02 11:00 PM
Cotality Dwelling Prices MoM
Jul -0.7% -0.4% -0.8%
2026-08-31 02:01 PM
Cotality Dwelling Prices MoM
Aug -0.9% -1.2% -1.2%
2026-09-30 02:01 PM
Cotality Dwelling Prices MoM
Sep -0.9% -0.4%


Related Last Previous Unit Reference
Average House Prices 1100.40 1108.60 AUD Thousand Jun 2026
Building Permits 17687.00 18351.00 Units Jul 2026
Building Permits MoM -3.60 6.90 percent Jul 2026
Building Permits YoY 9.00 9.50 percent Jul 2026
Construction Work Done -2.10 4.30 percent Jun 2026
Cotality Dwelling Prices MoM -0.90 -1.20 percent Aug 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 Jul 2026
Private House Approvals MoM -4.20 0.80 percent Jul 2026
Residential Property Prices 9.99 8.09 Percent Mar 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. The Index results are released on the last working day of each month and are available on a subscription basis.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -1.20 5.50 -2.90 1980 - 2026 percent Monthly
NSA

News Stream
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
Australia Home Prices Post Biggest Drop Since 2022
Australia’s Cotality Home Value Index dropped 0.7% month over month in July 2026, marking the sharpest monthly decline since December 2022 and accelerating from a 0.4% fall in the previous month. The downturn was driven by higher borrowing costs, affordability pressures, and weaker consumer sentiment that continued to weigh on housing demand. Among the major capitals, Sydney and Melbourne continued to lead the losses, with home values falling 1.4% and 1.2%, respectively. The weakness also spread to previously resilient markets, with Brisbane declining 0.6% and Adelaide slipping 0.2%, marking their second straight monthly decline, while Perth posted a modest 0.1% gain after contracting in June. Regional markets also softened, with the combined regional index falling 0.2%, its first monthly decline since January 2023. Despite the monthly setback, Australian home prices remained 5.3% higher than a year ago in July.
2026-08-02
Australia Home Prices Post Sharpest Monthly Decline in 3½ Years
Australia’s Cotality Home Value Index fell 0.4% month over month in June 2026, marking the steepest monthly decline in three and a half years. The downturn reflects the fading momentum of the country’s record housing boom as higher borrowing costs weighed on affordability and a tax crackdown on investment properties dampened buyer demand. Among the major capitals, Sydney and Melbourne recorded the largest declines, with home values falling 1.2% and 1.0%, respectively. Growth also lost momentum across the mid-sized capital cities, with Adelaide flat, Brisbane posting a modest 0.3% gain, and Perth rising 0.7%. Despite the monthly setback, Australian home prices remained 7.3% higher than a year earlier in June.
2026-06-30