Melbourne luxury home prices plunge as affordable suburbs rise

Melbourne luxury home prices plunge as affordable suburbs rise

The Age reported that the median price of homes in Toorak fell 25% over the past year, while median prices in suburbs such as Riddells Creek and Maribyrnong rose by more than 14%, driven by first-time buyers. Earlier reports had highlighted a broad downturn in Australian property markets. MacroBusiness noted that major-city house prices had dropped sharply since early April, with some capitals projected to fall up to 15%.

Domain said auction clearance rates in capital cities slipped below 50% as the gap between sellers and buyers widened. The Nightly warned that median prices in suburbs covered by the federal 5% deposit scheme fell in September, raising concerns about negative equity for first-home buyers. Data from Ray White, cited by The Age, showed that Melbourne sellers still earned about a 9% premium over pre-auction offers, but the premium had narrowed.

Acteurs

Cotality Paul Bloxham HSBC ANZ Bank Louis Christopher SQM Research Nerida Conisbee Ray White Reserve Bank of Australia

Lieux

Australia Sydney Adelaide Brisbane New Zealand

Articles

29 octobre 2026
1 au total
Melbourne suburbs where house prices have fallen the most
Melbourne suburbs where house prices have fallen the most

The Age • 29 oct. 18h00

The median price of homes in Toorak fell 25% over the past year, whereas median prices in suburbs such as Riddells Creek and Maribyrnong rose by more than 14%, driven by first-time buyers.

Crédibilité 72% Manip. 8% Centre
28 octobre 2026
1 au total
How much more house sellers can make by going to auction
How much more house sellers can make by going to auction

The Age • 28 oct. 18h00

Data from Ray White shows Melbourne sellers still earn about a 9% premium over pre-auction offers, but the gap has tightened in both Melbourne and Sydney amid a downturn.

Crédibilité 71% Manip. 12% Centre
26 octobre 2026
3 au total
Affordable markets in 5 per cent deposit scheme price cap now suffering biggest house price falls
Affordable markets in 5 per cent deposit scheme price cap now suffering biggest house price falls

The Nightly • 26 oct. 05h04

Median house prices in suburbs covered by the federal 5 % deposit scheme fell in September, raising concerns about negative equity for first-homebuyers as interest rates stay high.

Crédibilité 68% Manip. 28% Centre
‘Still living in the boom’: Stubborn sellers trigger auction bloodbath as buyers walk away
‘Still living in the boom’: Stubborn sellers trigger auction bloodbath as buyers walk away

Domain • 26 oct. 03h46

Auction success rates in Australia's capital cities slipped below the 50% threshold amid rising auction volumes and growing price gaps between buyers and sellers.

Crédibilité 68% Manip. 32% Centre
"Paralysed" housing market faces a 20% decline
"Paralysed" housing market faces a 20% decline

MacroBusiness • 26 oct. 01h06

Australia's major city house prices have fallen sharply since early April, with analysts projecting declines of up to 15% in some capitals and auction clearance rates remaining below 50%.

Crédibilité 68% Manip. 32% Centre