Australia’s largest lender says further declines are likely for house prices in Sydney and Melbourne, warning that the downturn is not expected to reverse soon. It projects that property values in the two cities could fall by as much as 13 per cent.
The lender’s assessment points to a timeline in which any turnaround is unlikely to occur until the second half of next year. The outlets report the same core forecast, presenting it as a continuation of “house price pain” rather than a near-term stabilization.
While all sources agree on the broad direction and magnitude of the projected decline—up to 13 per cent in Sydney and Melbourne—they do not provide differing additional details such as specific drivers, policy responses, or evidence from other metrics. The coverage therefore focuses mainly on the lender’s warning and the implied persistence of weaker market conditions into next year.
