First Pass

7 stories from 2 sources

Australia's housing correction deepens as selective property demand holds

Day’s Recap

Supporting Articles

Australia's housing market has delivered a three-decade boom, with national house prices rising about 70% over the past seven years. That run has made the country one of the developed world's most expensive property markets and raised questions about the causes and possible depth of a decline.

5:57 PMBloomberg Markets

Australia’s national home prices fell in September to levels last seen a year earlier as buyer demand weakened. The downturn is expected to persist into 2027.

10:01 AMBloomberg Markets

Melbourne CBD office vacancy has edged lower even after two major developments were completed, as tenant demand remains strong. The market is showing renewed resilience, according to the latest office market assessment.

9:25 PMPropertymarkets News

Homecorp has purchased a development site in Redbank Plains, Southeast Queensland, for $30 million. The project is expected to deliver 193 homes as demand for more affordable housing continues to rise.

12:43 AMPropertymarkets News

Other Developments

A curated list of other prominent stories from this day.

Cydelia House, a heritage property at 101-103 Drummond Street in Carlton, is being marketed for sale. The asset is currently occupied by the University of Melbourne for postgraduate and mature-age student accommodation and sits within the city's established education precinct.

8:19 PMPropertymarkets News

Demand is increasing on Queensland's Fraser Coast as Australians leave metropolitan areas for regional coastal living. Lifestyle benefits, particularly access to the sea, are driving the migration.

7:46 PMPropertymarkets News

A newly completed logistics estate in Melbourne's northern industrial market has been put up for lease. The facility is positioned to serve businesses seeking modern warehouse and distribution space.

12:28 AMPropertymarkets News

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