Cracks Emerging in Australia’s Housing Market as Rate Pressure Builds

Aussie Real Estate Podcast · May 8, 2026 · 14m

We talk with Gareth Spense, the Head of Australian Economics for NAB about the Australian property market is showing signs of strain, particularly in Sydney and Melbourne where price declines are becoming more noticeable. Rising interest rates and affordability pressures are reducing buyer confidence, while growth across other markets is also beginning to slow.

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