Fact Check: Australian property prices have deteriorated faster than in almost every other comparable country.

Fact Check: "Australian property prices have deteriorated faster than in almost every other comparable country."

What We Know

The claim that "Australian property prices have deteriorated faster than in almost every other comparable country" lacks substantial backing from current data. Recent reports indicate that Australia's property market is experiencing a period of stabilization and even growth in certain areas. For instance, according to a property market forecast, major cities like Sydney and Melbourne are expected to see continued price growth over the next 12 months, with national housing values rising by 0.6% in June 2025. This marks a fifth consecutive month of growth, suggesting that the market is rebounding rather than deteriorating.

Moreover, a Reuters survey projected a home price increase of 3.7% in 2025, followed by a further rise of 5.0% in 2026. This indicates a positive outlook for the Australian property market, contrasting sharply with the claim of rapid deterioration.

Analysis

The assertion of rapid deterioration in Australian property prices is not supported by the latest data or expert analysis. The 2025 Australian Property Market Outlook highlights that while some markets like Sydney and Melbourne have shown signs of slowing down, others, such as Perth and Brisbane, have recorded steady gains due to tight housing supply and strong migration. This mixed performance across different regions suggests that the overall narrative of deterioration is overly simplistic and misleading.

Additionally, the Global Property Guide reports that Australian dwelling values increased by 6.6% over the past year, with specific cities outperforming the national average. This contradicts the notion that Australia is experiencing a decline in property values relative to other countries.

While it is true that affordability concerns and high interest rates have posed challenges for buyers, the overall resilience of the Australian property market is evident. For example, data indicates that less than 1% of households are in negative equity, a significant improvement from previous years, which suggests that most homeowners are in a stable financial position to weather economic fluctuations (source-1).

The sources used to evaluate this claim are credible and provide a comprehensive view of the current state of the Australian property market. They are backed by expert analysis and statistical data, making them reliable indicators of market trends.

Conclusion

Verdict: False
The claim that Australian property prices have deteriorated faster than in almost every other comparable country is not supported by the latest data and expert analysis. Instead, the Australian property market is showing signs of growth and stabilization, with several regions experiencing price increases. The overall resilience of homeowners and the projected positive trends for the coming years further undermine the assertion of rapid deterioration.

Fact Check: Australian property prices have deteriorated faster than in almost every other comparable country.