Aug 11, 2026 – 2.46pmThe Reserve Bank has warned house prices have further to fall, and declining values will weigh on consumer spending and reduce construction, in another blow to the Albanese government’s promise to build 1.2 million new homes by the end of the decade.The RBA board’s nine voting members unanimously agreed to leave the cash rate on hold at 4.35 per cent on Tuesday, writing in their post-meeting statement that consumer spending growth was slowing and momentum in the housing market had shifted.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
RBA warns house prices have further to fall
Declining values will weigh on consumer spending and reduce construction, in another blow to the Albanese government’s promise to build 1.2 million new homes.
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