House prices fall in Labor’s marginal seats as downturn spreads

Aug 12, 2026 – 5.00amHouse prices have begun falling in dozens of Labor’s marginal seats as the property downturn spreads beyond the most expensive suburbs in Sydney and Melbourne, with buyer appetite sapped by successive interest rate rises and changes to tax concessions for investors.Prices have dropped in 38 marginal electorates in the past three months, including in 19 held by Labor, analysis for The Australian Financial Review by data provider Cotality showed.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles