House prices are falling across all Australian capital cities for the first time in 15 years, with a quarterly decline described as the steepest on record. The change is reported using figures from Domain’s September Quarter 2026 House Price Report, with Sydney highlighted as reaching a two-year low.
Across outlets, the headline emphasis is on the breadth of the downturn—covering every capital city—and on the record nature of the latest quarterly fall. ABC Australia and several state-focused papers describe the drop as the steepest ever and note that it is only the second time prices fall across all capitals. The Guardian adds a specific detail for Sydney, stating prices fell 4.7% in the September quarter to $1.66 million, while the other reports mainly restate the all-cities and record-decline framing without additional city-by-city figures in their provided summaries.
