5 Australian Property Markets Where Prices Are Falling in 2026

Australian property prices have fallen by as much as 17.7% across some of the country’s most expensive markets.

In this episode, Steve breaks down five discounted suburbs and property markets showing significant weakness since the budget, including Edgecliff, Sorrento, Byron Bay, West End and Cranbourne.

The biggest declines are concentrated at the premium end, but opportunities are also beginning to emerge in Melbourne’s more affordable housing markets. Steve explains what agents are reporting on the ground, why official data may be lagging and how buyers could negotiate on quality properties without settling for main roads or compromised assets.

Are prices falling in your local market?

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00:53 — #1 Edgecliff Units — Prices Down 17.7%

01:19 — #2 Sorrento — The Premium Market Down 16%

02:03 — #3 Byron Bay — Prices Fall 9.6%

02:27 — #4 West End — Brisbane’s Biggest Decline

03:29 — #5 Cranbourne — Discounts Emerging in Melbourne

06:19 — The Five Discounted Markets Recapped

07:11 — Why More Buying Opportunities Could Be Coming

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