Economics 15 Oct 2026

Sydney homes fell 7%. Perth rose 10%.

Australia's housing market has split: Sydney home values fell 7.0% in a year while Perth rose 10.1%.

Australia's housing market has split in two. In the 12 months to September 2026, Sydney home values fell 7.0% while Perth rose 10.1% — a 17.1-point gap inside one country. Melbourne fell 6.2%, Canberra 1.6%, and national values were flat (0.0%).

• Perth +10.1%, Darwin +11.9%
• Sydney -7.0%, Melbourne -6.2%, Canberra -1.6%
• National 0.0% annual; -1.1% in September

Annual change to end September 2026. Gap = Perth +10.1% minus Sydney -7.0%.