More house price pain to come, warns nation’s biggest lender

Original article by Shane Wright
The Sydney Morning Herald – Page: Online : 2-Sep-26

House prices in Sydney have fallen by 6.7 per cent so far in 2026, while prices in Melbourne are down 6.3 per cent. The Commonwealth Bank of Australia anticipates a further downturn in the residential market; it now expects dwelling prices in Sydney to fall by 11 per cent in total for the year, and prices in Melbourne to be down 10 per cent. CBA expects dwelling prices to stop falling by April 2027, with a peak-to-trough downturn of 13 per cent forecast for Sydney and 11 per cent for Melbourne. Meanwhile, data from Cotality shows that national dwelling values fell for a fifth consecutive month in August.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COTALITY

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