Australian house prices forecast to drop, but affordability crisis persists
House prices in Australia are forecast to decline by 5 to 10 percent, yet affordability remains elusive for many. Economist My Bui estimates that a 45 percent reduction is required for average-income earners to access median home prices. Experts suggest that rising wages, rather than falling prices, are crucial for addressing the housing affordability crisis.
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Published 11 Jul 2026, 19:16 UTC · Updated 11 Jul 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: ABC News – Australia. Editorial policy · Corrections
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