Cotality Reports Sharp Property Value Downgrades in Brisbane and Perth
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Cotality reported that property values in Brisbane and Perth have experienced significant downgrades. The combined capital cities saw an 8.1% decline from their peak. Brisbane recorded an 8.3% downgrade, while Perth saw an 8.9% downgrade. This downturn is attributed to affordability and serviceability constraints, amplified by interest rate hikes.
Why it matters
The housing market is undergoing its sharpest decline on record. The decline in capital city prices is linked to rising interest rates and worsening affordability pressures. This trend affects core housing asset values in Brisbane and Perth.
Domain provides a housing outlook for Australia, forecasting value changes across major capital cities.
Who's involved
- BrisbaneCapital city experiencing a significant property value downgrade.
- PerthCapital city experiencing a significant property value downgrade.
- SydneyCapital city also experiencing a housing market decline.
- RBACentral bank whose interest rate hikes are linked to the housing slump.
- DomainReal estate website providing housing outlooks for Australia.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- National Australia BankSpeculative
Might face increased credit risk and pressure on housing asset values from RBA rate hikes.
- DomainSpeculative
Might see increased demand for market reports as housing slump data is released.
How it developed
Newest first. Tap a step to see who reported it.RBA rate hikes are linked to housing slump, with home values doubling in Brisbane and Perth.1 source
Cotality research director Tim Lawless reports value downgrades in Brisbane and Perth.1 source
Keep exploring
Part of
RBA rate hikes drive Australian housing market divergenceAlso in this story
- Domain tracks Australian property prices as Angus Taylor voices concerns over a housing market downturn following RBA rate hikes.
- The local market in Enmore reflects broader trends in Sydney, with market data published by the real estate website Domain.
- Affordability trends show South Australia is more affordable than Sydney, Brisbane, and Melbourne, with Adelaide as a growth hub.
- Market trends are being discussed, comparing the greater Melbourne market to other cities, including the specific focus on Carlton.