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Australia housing prices drop 1.1% as rates rise to 4.6%

By Drooid · Oct 1, 2026, 3:18 PM UTC · How we work

Summary

Story summary

Australia’s housing market fell for a sixth month in September, with prices down 1.1%.
Sydney’s median home price slid 1.4%, now about 9% below its February peak.
The Reserve Bank of Australia raised the cash rate to 4.6% and warned further hikes may follow.
UBS chief economist George Tharenou warned prices could fall about 10% this cycle, the steepest since 1980.

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Story summary

Australia’s housing market fell for a sixth month in September, with prices down 1.1%.
Sydney’s median home price slid 1.4%, now about 9% below its February peak.
The Reserve Bank of Australia raised the cash rate to 4.6% and warned further hikes may follow.
UBS chief economist George Tharenou warned prices could fall about 10% this cycle, the steepest since 1980.