Aug 7, 2026 – 8.00pmReal estate agents are preparing for an industry shake-out as home values tumble, separating those who rise to the challenge of selling in a tough market from those who fall short and join what is feared could be widespread redundancies.As the downturn gathers pace, economists have been quickly revising their forecasts. NAB economists expect Sydney’s and Melbourne’s median prices could fall 10 per cent, peak-to-trough.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Sarah PettyProperty reporterSarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom.Fetching latest articles
Real estate industry prepares for agent ‘shake-out’ as prices decline
Sector leaders are predicting some agents may lower their fees to attract sellers in the current market, and expect redundancies across some agencies.
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