Bottom of house-price slide, rent peak fair way off'

Key points

• Housing Minister Clare O'Neil has rejected rental caps, arguing they would push landlords to leave the market and reduce supply. A survey of 384 real estate experts expects property prices to fall eight to 11 per cent from their March peak, with recovery not starting until September 2027.
• Dwelling values have already dropped 5.2 per cent since March, according to Cotality. Median rents have reached about $700 a week nationally, while most Australians support rental caps, polling shows.
• Property experts say interest rate fears and unclear tax changes are holding back buyers, with a possible recovery from July 2027.