08/10/2026
9/10/26
National Australia Bank predicts an 8 per cent decline in capital-city dwelling prices over 2026 with prices now expected to fall around 11 per cent from peak to trough before finding a floor in the second quarter of 2027.
The revised forecast comes following four rate hikes so far this year and a federal budget that overhauled investor tax settings such as capital gains tax and negative gearing.
Sydney tipped for biggest decline, forecasting a fall of around 14%.
Melbourne, Brisbane, and Perth are each forecast to record declines of around 11 per cent from peak to trough, while Adelaide is expected to fall 8.5 per cent.
The bank said Brisbane prices are already 5.4 per cent below their recent peak, while Perth has fallen 6 per cent and Adelaide 2.9 per cent.
CBA predicts 9% decline