PropTrack-Terri Scheer Investor Report – 2026

Key points

• Investor activity in the housing market has pulled back after strong results in 2024 and 2025. Rising interest rates and changes to housing taxes in the May federal budget have reduced demand for established homes, while new builds have drawn more investor interest.
• National home prices have fallen for six consecutive months, down about 3.3% from their peak. Sydney and Melbourne have seen larger falls, while Brisbane, Perth and Adelaide have declined more modestly.
• PropTrack expects prices to keep falling through 2026, with a possible further rate rise adding pressure.