u/chhola

I've been tracking property price drops across Australia: 5,041 new drops this week (11-17 May)

This week highlights:

Biggest % drop: -42.1% (23 Sinclair Avenue, Glen Iris VIC 3146, $1.90M → $1.10M)
Biggest $ drop: -$5.25M (413-414 Esplanade, Mount Martha VIC 3934, $14.95M → $9.70M, -35.1%)
Total new drops: 5,041 across 1,533 suburbs
Total new rises: 1,186
Median drop: 4.3%
Median rise: 5.0%
1,122 new rent drops (median 4.0%) and 97 new rent rises across all states

---

Breakdown by state:

State	↓ Drops	Median ↓	↑ Rises	Median ↑	Suburbs	Hardest hit suburbs
VIC	2,619	4.5%	763	5.3%	483	Camberwell (24), Berwick (22), Point Cook (22)
NSW	1,369	4.0%	320	3.0%	570	Wollongong (10), Glenmore Park (9), Kingscliff (8)
QLD	648	3.8%	50	4.2%	261	Russell Island (13), Hope Island (9), Surfers Paradise (9)
WA	213	4.3%	34	7.1%	105	Dawesville (6), Halls Head (5), Meadow Springs (5)
ACT	99	2.9%	7	3.1%	43	-
SA	61	3.8%	11	6.0%	52	Henley Beach (5)
NT	22	3.0%	0	-	10	-
TAS	10	5.2%	1	4.3%	9	-

---

Top 10 biggest property drops in VIC this week:

#	Address	Type	Was	Now	Drop	%
1	23 Sinclair Avenue, Glen Iris 3146	House	$1.90M	$1.10M	-$800K	-42.1%
2	413-414 Esplanade, Mount Martha 3934	House	$14.95M	$9.70M	-$5.25M	-35.1%
3	21 Dianne Street, Doncaster East 3109	House	$1.45M	$1.15M	-$300K	-20.7%
4	1006C/6 Joseph Road, Footscray 3011	Apt	$600K	$480K	-$120K	-20.0%
5	16A Valewood Drive, Mulgrave 3170	Townhouse	$1.55M	$1.25M	-$300K	-19.4%
6	3 Bells Boulevard, Jan Juc 3228	House	$2.40M	$1.95M	-$450K	-18.8%
7	122/17 Potters Hill Road, San Remo 3925	Apt	$545K	$445K	-$100K	-18.3%
8	71-79 Knees Road, Park Orchards 3114	House	$3.90M	$3.20M	-$700K	-17.9%
9	313 Stud Road, Dandenong North 3175	House	$2.25M	$1.85M	-$400K	-17.8%
10	2 Dransfield Way, Epping 3076	House	$750K	$620K	-$130K	-17.3%

---

Top 10 biggest property drops in NSW this week:

#	Address	Type	Was	Now	Drop	%
1	1312/6 Grove Street, Dulwich Hill 2203	Apt	$750K	$600K	-$150K	-20.0%
2	20B Deepwater Road, Castle Cove 2069	House	$2.50M	$2M	-$500K	-20.0%
3	148 Stuart Street, Mullumbimby 2482	House	$1.14M	$925K	-$215K	-18.9%
4	14 Aztec Street, North Kellyville 2155	House	$2.95M	$2.40M	-$550K	-18.6%
5	14 Second Avenue, Maroubra 2035	House	$3.79M	$3.10M	-$695K	-18.3%
6	8 Thule Road, Nelligen 2536	House	$1.10M	$900K	-$200K	-18.2%
7	103/23 Kendall Inlet, Cabarita 2137	Apt	$2.25M	$1.85M	-$400K	-17.8%
8	32 Gregorace Place, Bonnyrigg 2177	House	$1.20M	$1M	-$200K	-16.7%
9	42 Wellbank Street, Concord 2137	House	$2.40M	$2M	-$395K	-16.5%
10	6/3 Wesley Avenue, Port Macquarie 2444	Townhouse	$1.30M	$1.10M	-$200K	-15.4%

---

Top 10 biggest property drops in QLD this week:

#	Address	Type	Was	Now	Drop	%
1	31 Roebuck Road, Russell Island 4184	House	$589K	$450K	-$139K	-23.6%
2	53 Melrose Crescent, Kelso 4815	House	$1.10M	$900K	-$200K	-18.2%
3	60/30-32 Adelaide Street, Yeppoon 4703	Apt	$2.35M	$2M	-$350K	-14.9%
4	109 Channel Street, Russell Island 4184	House	$695K	$600K	-$95K	-13.7%
5	66 Billy Green Drive, Villeneuve 4514	House	$1.50M	$1.30M	-$200K	-13.3%
6	17 Rose Street, Westcourt 4870	House	$799K	$700K	-$99K	-12.4%
7	1045 Riverway Drive, Rasmussen 4815	House	$799K	$700K	-$99K	-12.4%
8	17 Peroone Street, Wondai 4606	House	$399K	$350K	-$49K	-12.3%
9	6 Julah Court, Ashmore 4214	House	$2.50M	$2.20M	-$295K	-11.8%
10	15 Collin Court, Kingston 4114	House	$900K	$795K	-$105K	-11.7%

---

Top 10 biggest property drops in WA this week:

#	Address	Type	Was	Now	Drop	%
1	19 Campus Way, Churchlands 6018	House	$2.50M	$2M	-$499K	-20.0%
2	94/595 Bussell Highway, Broadwater 6280	Apt	$79K	$64K	-$15K	-19.1%
3	20 Schooner Place, Waikiki 6169	House	$1.20M	$975K	-$225K	-18.8%
4	3/74 Mary Street, Como 6152	Townhouse	$1.20M	$999K	-$200K	-16.7%
5	4/15 Melville Parade, South Perth 6151	Apt	$649K	$549K	-$100K	-15.4%
6	760 Sailmaker Street, Two Rocks 6037	House	$1.08M	$915K	-$165K	-15.3%
7	180 Scenic Drive, Wanneroo 6065	House	$1.10M	$950K	-$150K	-13.6%
8	4/76 Newcastle Street, Perth 6000	Apt	$575K	$500K	-$75K	-13.0%
9	18 Banfield Grove, Clarkson 6030	House	$1.02M	$899K	-$126K	-12.3%
10	1/8-10 Payne Street, Shoalwater 6169	Townhouse	$679K	$599K	-$80K	-11.8%

---

Top 10 biggest properties drops in ACT this week:

#	Address	Type	Was	Now	Drop	%
1	1116/240 Bunda Street, City 2601	Apt	$739K	$629K	-$110K	-14.9%
2	20/62 Constitution Avenue, Parkes 2600	Apt	$1.10M	$990K	-$109K	-9.9%
3	208/1 Brewer Street, Phillip 2606	Apt	$549K	$499K	-$50K	-9.1%
4	1001/2 Furzer Street, Phillip 2606	Apt	$550K	$500K	-$50K	-9.1%
5	4 Bourchier Close, Calwell 2905	House	$1.62M	$1.48M	-$140K	-8.6%
6	76/60 Kingsland Parade, Casey 2913	Apt	$599K	$549K	-$50K	-8.3%
7	217/2 Akuna Street, City 2601	Apt	$245K	$225K	-$20K	-8.2%
8	6/54 Ernest Cavanagh Street, Gungahlin 2912	Apt	$430K	$399K	-$31K	-7.2%
9	109/3 London Circuit, City 2601	Apt	$559K	$519K	-$40K	-7.2%
10	201/62 Constitution Avenue, Parkes 2600	Apt	$749K	$695K	-$54K	-7.2%

---

Top 10 biggest properties drops in SA this week:

#	Address	Type	Was	Now	Drop	%
1	332A Montacute Road, Rostrevor 5073	House	$1.20M	$1M	-$195K	-16.3%
2	14 Scott Street, Dulwich 5065	House	$2.30M	$2M	-$300K	-13.0%
3	11 Franklin Street, Sturt 5047	House	$1.15M	$1M	-$150K	-13.0%
4	24 North Street, Henley Beach 5022	House	$2M	$1.80M	-$200K	-10.0%
5	3B Everest Street, Henley Beach 5022	House	$1.50M	$1.35M	-$145K	-9.7%
6	20/3 Randolph Avenue, Fullarton 5063	Townhouse	$799K	$725K	-$74K	-9.3%
7	3 Eitzen Street, Glenelg 5045	House	$2.20M	$2M	-$200K	-9.1%
8	30A Benny Crescent, South Brighton 5048	House	$1.09M	$1M	-$90K	-8.3%
9	4/23 Tatachilla Road, McLaren Vale 5171	Apt	$599K	$549K	-$50K	-8.3%
10	79 Flinders Drive, Cape Jervis 5204	House	$380K	$350K	-$30K	-7.9%

---

Rental drops breakdown by state:

State	↓ Drops	Median ↓	↑ Rises	Median ↑	Suburbs	Hardest hit suburbs
NSW	555	4.1%	40	5.5%	280	Bondi Beach (14), Manly (10), Mosman (9)
QLD	211	4.6%	15	6.1%	126	Surfers Paradise (17), Moranbah (11), Burleigh Heads (9)
VIC	202	3.8%	30	6.7%	119	Richmond (8), Southbank (7), St Kilda (7)
WA	105	4.7%	6	5.7%	81	Mount Hawthorn (4), North Coogee (3), Mindarie (3)
SA	26	3.8%	5	15.1%	25	-
ACT	22	3.7%	1	8.3%	12	-
TAS	1	3.3%	0	-	1	-

---

Top 10 biggest rent drops across Australia:

#	Address	Type	Was	Now	Drop	%
1	3/23 William St, Hawthorn SA 5062	Apt	$1,090/w	$545/w	-$545/w	-50.0%
2	Unit 2/387 Daly St, Cloverdale WA 6105	House	$1,500/w	$800/w	-$700/w	-46.7%
3	1-10/4 Scott Cres, Roseville NSW 2069	Apt	$700/w	$450/w	-$250/w	-35.7%
4	53 Ellerina Rd, Mount Martha VIC 3934	House	$1,500/w	$995/w	-$505/w	-33.7%
5	49 Susan Schardt Way, Ryde NSW 2112	Townhouse	$2,700/w	$2,000/w	-$700/w	-25.9%
6	3102/130 Elizabeth St, Sydney NSW 2000	Apt	$2,600/w	$1,980/w	-$620/w	-23.8%
7	22 Fairchild Dr, Baldivis WA 6171	House	$1,300/w	$1,000/w	-$300/w	-23.1%
8	5/48 Cooper St, Surry Hills NSW 2010	Apt	$520/w	$400/w	-$120/w	-23.1%
9	xx Oakley Rd, Bondi NSW 2026	Apt	$1,800/w	$1,400/w	-$400/w	-22.2%
10	1/41 Conder St, Burwood NSW 2134	House	$450/w	$350/w	-$100/w	-22.2%

---

Key observations:

VIC dominates the volume with 2,619 drops (up 63% from 1,602 last week)
NSW has 4.3x more drops than rises (1,369 vs 320)
4 properties dropped by $1M+ this week. The biggest $ drop was 413-414 Esplanade, Mount Martha, a waterfront property slashed by $5.25M ($14.95M to $9.70M, -35.1%)
WA more than doubled from 97 to 213 drops (up 120%). QLD nearly doubled from 341 to 648.

---

Full breakdown: https://www.dropbee.au/reports/property-price-drops-and-rises-across-australia-11-to-17-may-2026

reddit.com

u/chhola — 4 days ago

▲ 63 r/AustralianStartups

Built a property price drops tracker

DropBee scans and detects price drops and rises on a daily basis across 4,000+ suburbs. Whether you're looking for discounted apartments in Sydney, reduced houses in Melbourne, deals in Brisbane, or price cuts in Perth, DropBee surfaces the biggest reductions so you can act with confidence. Think of it as the OzBargain of properties.

A price drop is when the current asking price falls below the original price we first recorded. For example, listed at $1M then cut to $950K = a $50K drop (5%). It also tracks price rises, when a seller increases their asking price above the original listing.

---

Is this the actual sale price?

No. I track changes to the asking price, not the final sale price. A price drop means the agent or seller lowered their list price. It could reflect genuine motivation to sell, a strategy shift, or simply correcting an overpriced listing.

---

Why should I care about asking price changes?

Because it still reveals something useful about the seller's mindset. When an agent drops the asking price, it typically means one of three things:

The property hasn't attracted enough interest at the original price
The seller is becoming more motivated to sell
The initial price was simply too ambitious

In any of these cases, it's a signal that there may be room to negotiate. Many buyers miss out on properties because they don't realise the asking price has changed. DropBee helps you catch these moments early.

---

Why not just look at sold prices?

Sold prices tell you what happened. We tell you what's happening right now. Once a property sells, the listing price stops changing and the opportunity is gone. We focus on the window where prices are actively moving, so you can act before it goes under contract.

---

Some examples:

---

https://dropbee.au

u/chhola — 7 days ago

▲ 83 r/AusProperty

I've been tracking property price drops across Australia: 2,148 new drops this week (4-10 May)

This week highlights:

Biggest % drop: -38% (45 Burraneer Ave, St Ives NSW, $6.2M → $3.85M)
Biggest $ drop: -$2.35M (45 Burraneer Ave, St Ives NSW, $6.2M → $3.85M, -38%)
Total new drops: 2,148 across 1,166 suburbs
Total new rises: 469
Median drop: 4.2%
Median rise: 5.2%

↓ Breakdown by state:

State	Suburbs	↓ Drops	↑ Rises	Median ↓	Median ↑	Hardest hit suburbs
VIC	416	1,069	318	4.4%	5.9%	Point Cook (23), Melbourne (17), Ocean Grove (16)
NSW	407	628	111	4.2%	4.1%	Coffs Harbour (9), Lighthouse Beach (7), Bowral (6)
QLD	154	211	20	3.8%	4.5%	Surfers Paradise (5), Burleigh Heads (5), Port Douglas (4)
WA	72	92	12	4.0%	12.4%	Ellenbrook (4), Ballajura (3), Byford (3)
ACT	38	57	2	3.8%	5.5%	Kingston (6), Canberra (5), Hughes (4)
SA	51	57	4	4.3%	2.5%	Victor Harbor (3)
TAS	20	24	1	4.7%	2.8%
NT	8	10	1	3.5%	2.2%	Darwin City (3)

↓ VIC Top 10 properties drops this week:

#	Address	Type	Was	Now	↓ Drop	%
1	1904/408 Spencer St, West Melbourne	Apt	$899K	$690K	-$209K	-23%
2	4 Paine St, Blairgowrie	House	$2M	$1.55M	-$450K	-23%
3	3 Sandstock Pl, Rosebud	House	$1.15M	$900K	-$250K	-22%
4	101/20 Shamrock St, Abbotsford	Apt	$550K	$450K	-$100K	-18%
5	10 Columbia St, Oakleigh South	House	$1.15M	$950K	-$200K	-17%
6	345 Dickie Rd, Officer	House	$1.45M	$1.2M	-$250K	-17%
7	8 Cash St, Coburg	House	$1.05M	$870K	-$180K	-17%
8	35 Marine Parade, Shoreham	House	$2.4M	$2M	-$405K	-17%
9	941-943 Ferntree Gully Rd, Wheelers Hill	House	$1.8M	$1.5M	-$300K	-17%
10	31A Duke St, Avondale Heights	House	$1.26M	$1.05M	-$209K	-17%

↓ NSW Top 10 properties drops this week:

#	Address	Type	Was	Now	↓ Drop	%
1	45 Burraneer Ave, St Ives	House	$6.2M	$3.85M	-$2.35M	-38%
2	275 Mares Forest Rd, Wombeyan Caves	Other	$450K	$350K	-$100K	-22%
3	1312/6 Grove St, Dulwich Hill	Apt	$750K	$600K	-$150K	-20%
4	401/2-6 Wharf St, Forster	Apt	$3.6M	$2.95M	-$650K	-18%
5	18 Cammarlie St, Panania	Other	$1.2M	$1M	-$200K	-17%
6	75 Bolwarra Rd, Bolwarra	House	$1.2M	$1M	-$200K	-17%
7	3 Vista St, Penrith	House	$1.2M	$1M	-$200K	-17%
8	33 Togil St, Canley Vale	House	$2.09M	$1.75M	-$341K	-16%
9	9 & 9a Chisholm Ave, Lake Munmorah	House	$1.18M	$995K	-$185K	-16%
10	2 Cowra Pl, Gregory Hills	House	$1.28M	$1.08M	-$200K	-16%

↓ QLD Top 10 properties drops this week:

#	Address	Type	Was	Now	↓ Drop	%
1	96 Goicoechea Dr, Bushland Beach	House	$3.6M	$3M	-$600K	-17%
2	37 Daniel Rd, Hervey Bay	House	$780K	$680K	-$100K	-13%
3	17 Peroone St, Wondai	House	$399K	$350K	-$49K	-12%
4	84 Eagle Heights Rd, Tamborine Mountain	House	$1.7M	$1.5M	-$205K	-12%
5	19 Esprit Dr, Rainbow Beach	House	$1.3M	$1.15M	-$150K	-12%
6	27 Cumberland Cres, Heritage Park	House	$1.1M	$980K	-$120K	-11%
7	5/248 South St, South Toowoomba	Apt	$1.05M	$950K	-$100K	-10%
8	156 Paperbark Circuit, Moggill	House	$1.65M	$1.5M	-$150K	-9%
9	7 Woodrow Dr, Agnes Water	House	$1.1M	$1M	-$100K	-9%
10	152 Martyn St, Parramatta Park	House	$825K	$750K	-$75K	-9%

↓ WA top 10 properties drops this week:

#	Address	Type	Was	Now	↓ Drop	%
1	20 Turnstone St, Alkimos	House	$839K	$700K	-$139K	-17%
2	50 The Crest, Woodvale	House	$1.3M	$1.1M	-$200K	-15%
3	5B Trigger Loop, Willetton	House	$1.65M	$1.4M	-$250K	-15%
4	3 Neave St, Pickering Brook	Other	$699K	$599K	-$100K	-14%
5	23 Hester Way, Greenwood	House	$1.4M	$1.2M	-$200K	-14%
6	6/33 Seaforth Ave, Gosnells	House	$699K	$600K	-$99K	-14%
7	4 Casma Grove, Ballajura	House	$800K	$700K	-$100K	-13%
8	12 Oleander St, Maddington	House	$849K	$750K	-$99K	-12%
9	106/305 Murray St, Perth	Apt	$230K	$205K	-$25K	-11%

↓ SA Top 10 properties drops this week:

#	Address	Type	Was	Now	↓ Drop	%
1	31 Hillcott Ave, Wynn Vale	House	$1.195M	$1.07M	-$125K	-10%
2	38 Warland Ave, Victor Harbor	House	$1.095M	$995K	-$100K	-9%
3	26 Lloyd Cres, Littlehampton	House	$1.15M	$1.05M	-$100K	-9%
4	47A Wood Ave, Brompton	Townhouse	$1.2M	$1.1M	-$100K	-8%
5	2 Tullamore Ct, Greenwith	House	$1.09M	$1M	-$90K	-8%
6	639 Milne Rd, Tea Tree Gully	House	$1.25M	$1.15M	-$100K	-8%
7	109 William St, Beverley	House	$1.085M	$999K	-$86K	-8%
8	14 Rokewood Circuit, Golden Grove	House	$1.4M	$1.29M	-$110K	-8%
9	18 Seaview Rd, Morphett Vale	House	$760K	$700K	-$60K	-8%
10	401/26 Hurtle Square, Adelaide	Apt	$1.375M	$1.275M	-$100K	-7%

↑ Biggest rises across Australia this week:

#	Address	Type	Was	Now	↑ Rise	%
1	9 Hamilton St, Bayswater WA	House	$1M	$1.35M	+$350K	+35%
2	36A Jameson St, Mosman Park WA	House	$2M	$2.6M	+$600K	+30%
3	56 Ridley Way South, Medina WA	House	$400K	$501K	+$101K	+25%
4	4 Teal Pl, Blacktown NSW	House	$925K	$1.15M	+$225K	+24%
5	6/150 Hay St, Subiaco WA	Apt	$600K	$730K	+$130K	+22%
6	2/9 Binnie St, Brighton East VIC	Apt	$790K	$960K	+$170K	+22%
7	75 Bryden Dr, Ferntree Gully VIC	Townhouse	$990K	$1.19M	+$200K	+20%
8	14 Yellowgum Ave, Lyndhurst VIC	House	$1M	$1.2M	+$199K	+20%
9	14 Amanita Ave, Harrisdale WA	House	$1M	$1.2M	+$199K	+20%
10	32 Silverwood Dr, Greenvale VIC	House	$560K	$670K	+$110K	+20%

Key observations:

VIC dominates the volume: 1,069 drops. Mornington Peninsula hammered: Rosebud (-22%), Blairgowrie (-23%), Shoreham (-17%), Abbotsford (-18%), Dromana all feature in VIC's top drops
NSW has 5.7x more drops than rises (628 vs 111), the most skewed ratio of any major state. Coffs Harbour (9) and Lighthouse Beach (7) lead the charge
45 Burraneer Ave, St Ives takes the biggest drop of the week: $6.2M to $3.85M (-$2.35M, -38%). That's a house that's been cut by more than most people's entire budget

Full report breakdown on DropBee

u/chhola — 11 days ago

▲ 0 r/AusProperty

I drive around Sydney and see tons of either just finished or under constructions duplexes. I also went to a few inspections and auctions of these brand new duplexes, they normally go for 2.5m+ each for about 400sqm.

My lazy math goes like this, buy an old house with a land size of 800-1000sqm for around 2.5m (eg somewhere north west), subdivide, knock it down, rebuild 2 duplexes for 1 to 1.5m in total for an estimate timeframe of 2 years. Sell for 2.5m each. Total cost 3.5 to 4m, sell 2.5m+ each, profit 1m. After taxes + expensive, maybe 500k? I pocket 500k in 2 years?

Tell me what I’m missing please (probably everything).

reddit.com

u/chhola — 18 days ago

▲ 30 r/AusProperty

This week I tracked 2,798 new price drops (median 4.4%) and 635 new price rises (median 5.1%) across 86K listings in 6,557 suburbs. These are listings that changed price for the first time this week. Compared to last week: 1,993 drops, 452 rises across 62K listings in 5,494 suburbs.

Highlights:

Biggest $ drop: -$3M (21 Brownell Dr, Byron Bay NSW, $17M → $14M, -18%)
Biggest % drop: -44% (30 Westbrook St, Kew East VIC, $4.8M → $2.7M, -$2.1M)
Biggest $ rise: +$900K (58 Clarke Simpson Rd, Little Hartley NSW, $2.9M → $3.8M, +31%)
Biggest % rise: +34% (5 Sturis Ct, Westmeadows VIC, $890K → $1.19M, +$300K)

Breakdown by state:

State	Suburbs	↓ Drops	↑ Rises	Median ↓	Median ↑	Hardest hit suburbs
VIC	537	1,374	376	4.5%	5.6%	Rye (14), Berwick (14), Pakenham (12)
NSW	574	857	164	4.2%	4.5%	Forster (9), Kiama (7), Katoomba (6)
QLD	213	285	50	4.2%	4.0%	Surfers Paradise (6), Noosa Heads (5), North Ward (3)
WA	108	119	31	5.1%	7.7%	Thornlie (5), Baldivis (5), Kelmscott (3)
ACT	50	85	4	3.7%	3.6%	Kingston (2), Braddon (2), Narrabundah (2)
SA	51	53	7	4.1%	6.3%	Henley Beach (2)
TAS	14	17	1	5.3%	12.7%	West Hobart (3)
NT	10	8	2	3.5%	3.2%	Noonamah (1)

↓ Top 10 biggest drops by % this week:

#	Address	Type	Was	Now	↓ Drop	%
1	30 Westbrook St, Kew East VIC	House	$4.8M	$2.7M	-$2.1M	-44%
2	5 Coventry St, Guyra NSW	Apt	$820K	$480K	-$340K	-42%
3	Unit 2/19 Hosies Rd, Eden NSW	Apt	$1.85M	$1.3M	-$545K	-30%
4	1085 Duncans Rd, Werribee South VIC	House	$1.59M	$1.15M	-$440K	-28%
5	302/511 Dandenong Rd, Armadale VIC	Apt	$1.38M	$1M	-$375K	-27%
6	1E Cardigan St, St Kilda East VIC	Townhouse	$790K	$600K	-$190K	-24%
7	6B Hymus St, Rockingham WA	House	$1.3M	$999K	-$301K	-23%
8	7 Knight St, Blairgowrie VIC	House	$1.13M	$880K	-$245K	-22%
9	116 Highbury Rd, Tootgarook VIC	House	$1.2M	$950K	-$245K	-21%
10	500A/35 Mountjoy Parade, Lorne VIC	Apt	$245K	$199K	-$46K	-19%

↑ Top 10 biggest rises by % this week:

#	Address	Type	Was	Now	↑ Rise	%
1	5 Sturis Ct, Westmeadows VIC	House	$890K	$1.19M	+$300K	+34%
2	1102/26 Alexandra Ave, Mermaid Beach QLD	Apt	$1.75M	$2.3M	+$550K	+31%
3	58 Clarke Simpson Rd, Little Hartley NSW	House	$2.9M	$3.8M	+$900K	+31%
4	27 Kingsland Loop, Canning Vale WA	House	$1M	$1.3M	+$299K	+30%
5	15 Staniland St, Orange Grove WA	House	$2M	$2.5M	+$500K	+25%
6	29 Strafford Ave, Cranbourne VIC	House	$700K	$870K	+$170K	+24%
7	46 Pure Steel Lane, Mundijong WA	House	$2.99M	$3.7M	+$709K	+24%
8	33-41 Blaxland Rd, Rhodes NSW	Apt	$809K	$984K	+$175K	+22%
9	131/11 Bond St, Caulfield North VIC	Apt	$370K	$450K	+$80K	+22%
10	18 Evelyn Pl, Bullsbrook WA	House	$1.4M	$1.7M	+$300K	+21%

Key Observations:

VIC is still the discount capital with 1,374 new drops (49% of all new drops nationally). Rye and Berwick each added 14 new drops, followed by Pakenham (12) and Preston (11)
Premium properties are cutting deep: Kew East dropped $2.1M (44%), Byron Bay dropped $3M (18%), Mollymook Beach dropped $1.25M (19%)
ACT is the most one-sided market: 85 drops to just 4 rises. Canberra sellers are cutting but cautiously (3.7% median, the lowest of any state) and almost nobody is raising prices
WA rises are the most aggressive in the country: 7.7% median rise across 31 new rises. Canning Vale (+$299K), Mundijong (+$709K) and Orange Grove (+$500K) all testing higher prices
Coastal and regional NSW softening: Forster (9 new drops), Katoomba (7), Kiama (7). Holiday towns and Blue Mountains seeing sustained price cuts

Full breakdown report by state here

u/chhola — 18 days ago

▲ 228 r/AusProperty

This week I tracked 1,993 price drops and 452 price rises across 62K listings in 5,494 suburbs. Average drop: 5.2%, average rise: 6.6%. VIC saw the most movement with 978 drops.

Big change this week: the data now cover all 8 states and territories (added WA, SA, ACT, TAS, NT). WA is already showing 166 new drops and some of the biggest rises in the country.

Highlights:

Biggest $ drop: -$1.5M (5 Moore St, Hawthorn VIC, $9.5M → $8M, -16%)
Biggest $ rise: +$915K (8 & 10 Fairfield St, Cranbourne VIC, $1.98M → $2.89M, +46%)

State	Suburbs	↓ Drops	Avg drop	↑ Rises	Avg rise
NSW	265	412	5.0%	86	6.1%
VIC	333	978	5.2%	233	7.5%
QLD	183	256	5.3%	46	6.0%
WA	108	166	5.3%	36	8.8%
SA	74	105	4.7%	36	3.7%
ACT	56	138	3.8%	12	4.7%
TAS	25	31	5.8%	1	6.2%
NT	6	7	5.9%	2	10.8%

↓ Top 10 biggest drops by % this week:

Address	Beds	Type	Was	Now	↓ Drop	%
35 Cox Rd, Norlane VIC	2	House	$650K	$450K	-$200K	-31%
34 Dominion Dr, Burnside VIC	4	House	$1.55M	$1.1M	-$450K	-29%
2 Judith Ct, Doncaster VIC	4	House	$1.6M	$1.2M	-$400K	-25%
31 Collendina Rd, Gwandalan NSW	4	House	$1.15M	$880K	-$270K	-24%
108B Renou St, East Cannington WA	3	House	$900K	$699K	-$201K	-22%
2/82-84 Abel Smith Parade, Mount Isa QLD	2	Apt	$210K	$170K	-$40K	-19%
31 Ruby St, Donvale VIC	6	House	$2.95M	$2.4M	-$550K	-19%
1101/182-192 Marine Parade, Labrador QLD	1	Apt	$950K	$780K	-$170K	-18%
915 Nettleton Rd, Karrakup WA	5	House	$2M	$1.65M	-$349K	-17%
8/95 Victoria Rd, Punchbowl NSW	3	Apt	$655K	$545K	-$110K	-17%

↑ Top 10 biggest rises by % this week:

Address	Beds	Type	Was	Now	↑ Rise	%
8 & 10 Fairfield St, Cranbourne VIC	6	House	$1.98M	$2.89M	+$915K	+46%
178 Larsen Rd, Byford WA	6	House	$2M	$2.85M	+$850K	+43%
128 Charlotte St, Brisbane QLD	2	Apt	$650K	$895K	+$245K	+38%
11/15 Wellington St, Bondi NSW	2	Apt	$1.05M	$1.4M	+$350K	+33%
8 Solingen Way, Piara Waters WA	5	House	$1M	$1.25M	+$249K	+25%
102 Walpole St, Kew VIC	5	House	$3M	$3.69M	+$685K	+23%
175 Morris St, Sunshine VIC	4	House	$750K	$920K	+$170K	+23%
37 Nepean Ave, Hampton East VIC	4	House	$980K	$1.2M	+$220K	+22%
45 Bourke Rd, Oakleigh South VIC	4	House	$990K	$1.2M	+$210K	+21%
1/49-51 The Causeway, Maroubra NSW	2	Apt	$1.15M	$1.43M	+$275K	+24%

Key observations:

VIC is still the discount capital: 978 new drops this week, averaging 5.2%. Melbourne CBD added 24 new drops, Southbank added 17
WA with 166 drops and some of the biggest rises in the country: Byford +$850K, Piara Waters +$249K
Premium end is still moving: Hawthorn dropped $1.5M, North Curl Curl and Bondi both dropped $1M
Rise activity is concentrated in apartments: 6 of the top 10 rises are apartments, suggesting sellers in that segment are more willing to test higher prices
ACT has the highest drop-to-rise ratio at 11.5:1, with Phillip alone accounting for 15 drops

Full breakdown by state, suburb heatmaps and key observations here

u/chhola — 25 days ago