Why the horror warnings about Australia’s ‘collapsing’ housing market are absurd – and very much in bad faith | Greg Jericho

If prices were to take a 10% fall from the March 2026 peak, as CBA has suggested, that would still only mean prices were back where they were at the end of 2024 Get our breaking news email , free app or daily news podcast House prices in the June quarter fell slightly off the back of three interest rate rises and the changes to the capital gains tax discount and negative gearing.

But prices remain extremely high.

In the June quarter the total value of Australia’s housing fell $34bn.

Sounds like a lot? In percentage terms it was just 0.3%.

That’s because in the June quarter the total value of Australian housing was $12.18tn.

And here’s the kicker: that is $948bn more than it was a year ago.

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