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House prices fell in 95% of suburbs as bank warns of 9% drop

House prices fell in 95% of suburbs in August. The Commonwealth Bank expects a 9% national drop, partly due to Labor's tax changes on investor property and capital gains.

Why it mattersA 9% drop would reshape wealth for millions of Australians and help first-time buyers afford homes, a major election issue.

AustraliaEvery Australian with a mortgage or investment property faces lower valuations. The policy was designed to free up opportunities for first-home buyers by cooling investor demand and cooling prices, now visible in real data.

✓ Claims checked against the source and corrected before publish. checked 4 d ago

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.