Aug 24, 2026 – 1.50pmNational Australia Bank says house prices could keep falling for more than six months as investors assess changes to tax concessions made by the Albanese government and three interest rate rises this year.The bank’s economists said the downturn was about one-third through, having already declined by about three per cent this year. Residential real estate values have slumped even further in Sydney and Melbourne.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
NAB warns house prices will fall for months as tax changes take hold
The bank’s chief economist said adjusting to the new rules would “probably take the better part of a year”, and the market was “a third of the way through”.
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