PropertyResidentialProperty pricesSydney, Melbourne prices to fall 10 per cent as downturn deepens: NABAug 4, 2026 – 6.07pmNational Australia Bank has dramatically revised down its house price forecasts as the downturn gathers pace and spreads across the country, leaving analysts in its wake.The bank expects Sydney and Melbourne’s median dwelling values to fall 10 per cent, and mid-size capitals to fall between 2 and 4 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In ResidentialFetching latest articlesMost Viewed In Property
Sydney, Melbourne prices to fall 10 per cent as downturn deepens: NAB
The bank expects home values across all capitals overall to dip around 5 per cent. Only a month ago, its national forecast was for a 2 per cent drop.
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