Australian home prices flatline in May as headwinds grow
National home prices remained unchanged in May after a record-breaking streak as the Reserve Bank of Australia raised interest rates to 4.35 percent. Sydney and Melbourne led the downturn with sharp price declines while Perth and Brisbane saw slower gains amid rising energy costs and tax changes.
Xurve View
Xurve View
Australia national home prices were unchanged in May, ending a record growth streak that began in early 2025. Higher borrowing costs and energy prices drove Sydney and Melbourne home values down 0.9% and 0.8% respectively. Rising inventory and cooling demand suggest the property market's post-2025 rally is losing momentum across major capital cities.
