Australia’s housing market lost further momentum in July, with Cotality’s national Home Value Index falling 0.7%<\/strong>, its largest monthly decline in more than three years.<\/p>\n\n\n\n Sydney and Melbourne<\/strong> remained the weakest major markets, with home values falling 1.4% and 1.2%<\/strong> respectively during the month.<\/p>\n\n\n\n However, the slowdown is becoming more widespread. Brisbane declined 0.6%<\/strong>, while Adelaide fell 0.2%<\/strong>, with both cities recording two consecutive months of falling values following historical revisions.<\/p>\n\n\n\n Perth showed a small 0.1% monthly increase<\/strong>, although its June result was revised to a 0.5% decline<\/strong>, signalling how quickly conditions have shifted from the city’s earlier growth phase. <\/p>\n\n\n\n The correction has been particularly noticeable at the higher end of the market.<\/p>\n\n\n\n Values in the upper quartile fell 3.2% over the three months to July<\/strong>, compared with a 0.3% gain among lower-value properties<\/strong>.<\/p>\n\n\n\n Several factors are weighing on demand, including affordability constraints, three cash-rate increases and weak consumer confidence<\/strong>. At the same time, advertised housing supply has increased.<\/p>\n\n\n\n Capital-city auction clearance rates have remained below 50%<\/strong>, suggesting buyers and sellers are still struggling to agree on pricing.<\/p>\n\n\n\n Australia’s housing market is likely to remain price-sensitive and uneven across cities and property segments<\/strong> in the near term.<\/p>\n\n\n\n With higher-value homes experiencing the greatest pressure, buyers may gain greater negotiating power in selected markets. For homeowners and investors, conditions will require closer attention to local demand, pricing and affordability<\/strong> rather than relying on broader national trends.<\/p>\n\n\n\n The contents of this article were contributed by Lily Chong<\/strong>, Head of IQI Australia.<\/em><\/p>\n\n\n\n <\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":" Australia’s Housing Downturn Spreads Australia’s housing market lost further momentum in July, with Cotality’s national Home Value Index falling 0.7%, its largest monthly decline in more than three years. Sydney and Melbourne remained the weakest major markets, with home values falling 1.4% and 1.2% respectively during the month. However, the slowdown is becoming more widespread. Brisbane declined 0.6%, while Adelaide fell…<\/p>\n","protected":false},"author":108,"featured_media":133107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[472,9207],"tags":[470,265,231,10268,305,224],"class_list":["post-133105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-au","category-newsletter","tag-australia","tag-investment","tag-iqi-en","tag-newsletter","tag-property","tag-real-estate"],"yoast_head":"\nPremium Homes Feel More Pressure<\/h2>\n\n\n\n
Outlook<\/h2>\n\n\n\n