Comm Bank predicts 12% drop in house prices

[Bobby]

Comm Bank predicts 12% drop in house prices for Melbourne and
13% for Sydney.


https://www.youtube.com/shorts/ojHocPy6nYA

https://thenightly.com.au/business/hous ... c-22808041


01 Sep 2026

Housing decline ‘larger and faster than expected’: CBA calls national price correction
CBA expects house prices in Sydney and Melbourne to drop by
more than 10 per cent as the combination of higher interest rates and
the property tax shake-up contributes to a faster pace of decline.


Australia’s biggest home lender expects house prices in Sydney and Melbourne to drop by more than 10 per cent as the combination of higher interest rates and the Federal Government’s property tax shake-up contributes to a faster pace of decline.

Commonwealth Bank economists on Tuesday upgraded their forecasts for home prices, saying the price drop was faster-than-expected.

CBA warns national dwelling prices will drop around 9 per cent by the end of next year, while the capital cities will go into a correction with a 10 per cent decline.

“Housing market conditions have weakened considerably since our last forecast update on June 3, three weeks after the Budget,” CBA senior economist Trent Saunders said.

“At the time, we were already expecting a sharp loss of momentum in response to the combined headwinds from the changes to housing tax policy in the Budget, higher interest rates and softer sentiment.

[Black Orchid]

Prices have already dropped 12%-15% in some areas over the past year.

[Bobby]

Prices have already dropped 12%-15% in some areas over the past year.

Yes - I know - the prices have definitely gone down in the last year - more to go.

I bought in 2023 so I'll only lose what I've gained.

[Bobby]

https://goodoil.news/oh-joy-another-interest-rate-rise/

September 24, 2026 . 2:30 PM

All four major banks and the bulk of money market traders believe the Reserve Bank
will raise interest rates next week and governor Michele Bullock
did nothing to dissuade them in her last public appearance before the meeting.