{"id":33651,"date":"2026-06-18T06:19:11","date_gmt":"2026-06-18T06:19:11","guid":{"rendered":"https:\/\/www.europesays.com\/australia\/33651\/"},"modified":"2026-06-18T06:19:11","modified_gmt":"2026-06-18T06:19:11","slug":"melbourne-set-to-have-worst-property-price-performance-this-year-despite-rba-interest-hold-this-week","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/australia\/33651\/","title":{"rendered":"Melbourne set to have worst property price performance this year, despite RBA interest hold this week"},"content":{"rendered":"

A new report suggests that Melbourne is set to have the worst performance for property prices by the end of the year, compared to other capital cities.<\/p>\n

In a report released by realeastate.com.au on Thursday, Victoria\u2019s capital is on track for a four per cent decrease in prices by the end of the year.<\/p>\n

These figures will see the median price of a Melbourne property drop from $995,000 to $955,200 \u2013 a $39,800 drop.<\/p>\n

Sydney is predicted to see a three per cent decline in property values.<\/p>\n

All other capital cities, however, are predicted to record price growth by end of the year.<\/p>\n

These drops for Melbourne and Sydney come despite the RBA decision to hold interest rates on Tuesday.<\/p>\n

On Tuesday, the Reserve Bank of Australia announced its decision to keep the cash rate at 4.35 per cent, following three previous rate rises.<\/p>\n

RBA Governor Michele Bullock refused to rule out the rate increasing again if needed.<\/p>\n

\"Major<\/p>\n

Previous interest rate hikes from the RBA put downward pressure on property prices.<\/p>\n

Mr Moore told SkyNews.com.au on Monday that the rate increases were \u201cweighing on buyer demand.\u201d<\/p>\n

\u201cThe fact that we\u2019ve seen three rate hikes is clearly weighing on buyer demand; it\u2019s reducing borrowing capacities that are flowing through to what we\u2019re seeing in auction markets,\u201d he said.<\/p>\n

\u201cIt\u2019s also flowing through to home prices, which have been largely stalled out nationally.\u201d<\/p>\n

For a household owing $600,000 on a 25-year mortgage, the three previous rate hikes will have added $272 to monthly repayments.<\/p>\n","protected":false},"excerpt":{"rendered":"A new report suggests that Melbourne is set to have the worst performance for property prices by the…\n","protected":false},"author":2,"featured_media":33652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[260,1310,1764,3035],"class_list":["post-33651","post","type-post","status-publish","format-standard","has-post-thumbnail","category-melbourne","tag-melbourne","tag-property","tag-rba","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/33651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=33651"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/33651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/33652"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=33651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=33651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=33651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}