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US dollar50.20EGPEuro58.29EGPBritish pound67.40EGPSaudi riyal13.39EGPUAE dirham13.67EGPKuwaiti dinar162.83EGPJordanian dinar70.81EGPQatari riyal13.79EGPTurkish lira1.08EGPChinese yuan7.42EGPGold 246,879.27EGP/gGold 216,019.36EGP/gGold 185,159.45EGP/gSilver110.06EGP/g
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Housing

Australian home prices fall as experts predict slump could last a year and cut values by 10%

By rivo_admin · May 31, 2026 · 1 min read

Buyers abandon auctions and Sydney, Melbourne and Canberra median house prices end May lower than they were at the end of 2025

Home prices in Australia’s capital cities have begun to fall, with experts predicting the decline could last at least a year and wipe as much as 10% from values.

The median capital city home price fell in May, the first decline since January 2025, as high interest rates and inflation stretched buyer budgets, Cotality reported on Monday. Auction success hit a new low for the year.

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المصدر: The Guardian — Australia News

#Australia news #Australian economy #housing #Interest rates #Reserve Bank of Australia
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