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Australia’s Home Prices Fall Further Ahead of Expected Rate Hike

Bloomberg Markets Sunday 01 November 2026, 13:01 UTC By Nasteho Said 1 min read
Key Points

Australia’s Home Prices Fall Further Ahead of Expected Rate Hike Australia’s home prices tumbled for a seventh straight month and are on track for the biggest fall in 40 years, a private gauge showed, as the Reserve Bank is expected to increase borrowing costs again this week. The Home Value Index for major cities slid 1.4% in October and is down 8.1% over the past seven months, property consultancy Cotality said in a report released Monday. Brisbane led the declines, with a 2% drop,...

Australia’s Home Prices Fall Further Ahead of Expected Rate Hike Australia’s home prices tumbled for a seventh straight month and are on track for the biggest fall in 40 years, a private gauge showed, as the Reserve Bank is expected to increase borrowing costs again this week. The Home Value Index for major cities slid 1.4% in October and is down 8.1% over the past seven months, property consultancy Cotality said in a report released Monday. Brisbane led the declines, with a 2% drop, followed by 1.7% in Perth, 1.6% in Sydney and 1.2% in Adelaide.
Australia (LOCATION) the Reserve Bank (ORG) Cotality (ORG) Brisbane (LOCATION) Perth (LOCATION) Sydney (LOCATION) Adelaide (LOCATION)
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