Australia's home price retreat gathers pace in July, Cotality data shows
Australian home prices fell 0.7% in July from June, the steepest monthly drop since December 2022, according to property consultant Cotality. Annual price growth slowed to 5.3%, down from double-digit rates earlier this year. Sydney and Melbourne led declines with monthly falls of 1.4% and 1.2%, both now more than 5% below recent peaks, while Perth’s market was flat. Cotality also revised previous months’ prices lower, underscoring the rapid downturn. Reserve Bank of Australia Governor Michele Bullock highlighted the weakening housing market this week, fuelling expectations rate hikes may be paused.
Prepared by Christopher Adams and reviewed by editorial team.
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Left: Emphasizes affordable housing access and the systemic risks of inequality. Center: Focuses purely on economic indicators, central bank rates, and data. Right: Highlights market price corrections, regulatory overreach, and investor tax pressures
Reuters published property consultant Cotality data on August 3, 2026. https://www.investing.com/news/economic-indicators/australias-home-price-retreat-gathers-pace-in-july-cotality-data-shows-4829700
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Australia's home price retreat gathers pace in July, Cotality data shows
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