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Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets

Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets
Bloomberg Markets Thursday 25 June 2026, 05:44 UTC By Michael Heath 1 min read
Key Points

Real Estate Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets Australia’s housing downturn has wiped A$185 billion ($128 billion) off the value of the nation’s top two markets so far this quarter, a result that’s likely to weigh on the wealth effect that underpins consumer spending across the economy. Sydney prices dropped 2.7% between March 31 and June 25, erasing A$120 billion from the value of stock, while Melbourne declined 2.3%, shedding A$65 billion, according to...

Real Estate Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets Australia’s housing downturn has wiped A$185 billion ($128 billion) off the value of the nation’s top two markets so far this quarter, a result that’s likely to weigh on the wealth effect that underpins consumer spending across the economy. Sydney prices dropped 2.7% between March 31 and June 25, erasing A$120 billion from the value of stock, while Melbourne declined 2.3%, shedding A$65 billion, according to calculations by Bloomberg Economics based on data from property consultancy Cotality and the Australian Bureau of Statistics.
Australia (LOCATION) Sydney (LOCATION) Melbourne (LOCATION) Bloomberg Economics (ORG) Cotality (ORG) the Australian Bureau of Statistics (ORG)
Originally published by Bloomberg Markets Read original →

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