Housing intelligence
Where asking prices are falling
We track for-sale listings across a 500-suburb catalog in NSW, Victoria, Queensland, South Australia and Western Australia and record each asking-price cut — then roll them up by state, suburb, address and agency. Cuts beyond 40% are filtered as listing corrections; each address counts once even when it's listed on both portals.
Data to 21 Oct 2026 · figures refreshed 21 Oct 2026
Part of the Australian house prices tracker →
Drops by state
Share of tracked listings that cut their asking price in the last 30 days, counting only listings seen in the last 14 days. A state is ranked only when at least 60% of its tracked suburbs were swept in those 14 days — below that its share says more about crawl coverage than about discounting. Select a state on the map to filter the address board below; use the table for exact asking/sold aggregates and suburb explorers.
| State | Share of listings cut (30d) | Cuts | Median cut | Value cut | Median asking | Median sold* | Tracked |
|---|---|---|---|---|---|---|---|
| Victoria | 17.6% | 3370 | −4.3% | $204M | $777k | $780k (2814) | 19,108 |
| Queensland | 16.7% | 1364 | −5.0% | $90M | $928k | $1.0M (1633) | 8,162 |
| Western Australia | 18.4% | 1062 | −5.3% | $68M | $839k | $910k (963) | 5,782 |
| New South Wales | 10.4% | 1031 | −3.9% | $71M | $990k | $1.2M (3497) | 9,959 |
| South Australia | 14.6% | 344 | −4.2% | $15M | $789k | $902k (975) | 2,353 |
Suburbs cutting hardest
Suburbs ranked by how many for-sale listings reduced their asking price in the last 30 days. A suburb needs at least three cut listings to appear.
| # | Suburb | Cuts (30d) | Share cut | Median cut | Biggest cut | Median asking | Median sold* |
|---|---|---|---|---|---|---|---|
| 1 | clyde northVIC | 126 | 23.0% | −4.1% | −23% | $760k | $835k (13) |
| 2 | point cookVIC | 114 | 33.1% | −4.1% | −20% | $850k | $740k (32) |
| 3 | tarneitVIC | 109 | 18.0% | −3.7% | −18% | $680k | $645k (41) |
| 4 | werribeeVIC | 98 | 24.8% | −4.4% | −22% | $670k | $600k (45) |
| 5 | melbourneVIC | 90 | 17.6% | −5.0% | −18% | $500k | $414k (37) |
| 6 | pakenhamVIC | 79 | 28.5% | −3.8% | −14% | $655k | $705k (48) |
| 7 | southbankVIC | 70 | 19.1% | −4.9% | −19% | $588k | $570k (32) |
| 8 | berwickVIC | 69 | 26.2% | −5.1% | −17% | $880k | $873k (36) |
| 9 | wyndham valeVIC | 64 | 20.8% | −4.9% | −22% | $619k | $610k (24) |
| 10 | truganinaVIC | 60 | 16.7% | −3.4% | −14% | $679k | $678k (32) |
| 11 | morayfieldQLD | 56 | 27.9% | −4.5% | −15% | $849k | $936k (31) |
| 12 | baldivisWA | 54 | 29.0% | −4.7% | −15% | $819k | $860k (19) |
| 13 | sunburyVIC | 53 | 15.9% | −3.8% | −12% | $700k | $691k (34) |
| 14 | frankstonVIC | 50 | 22.3% | −3.7% | −24% | $750k | $716k (38) |
| 15 | cabooltureQLD | 48 | 24.7% | −4.6% | −10% | $849k | $888k (24) |
Browse every tracked suburb's asking and sold aggregates on the housing dashboard →
Capitulation
Vendors pulling and re-cutting
Reading for 21 Oct
- Withdrawn then relisted (30d)
- 798
- Left the market (30d)
- 19,127
Counted from listings we observed, so these are far less sensitive to crawl coverage than the index above. “Left the market” counts listings that disappeared from the portals, whether sold or withdrawn — the portals rarely say which. “Withdrawn then relisted” requires more than a 7-day gap between the two events, to exclude same-week crawl re-sweep noise.
Biggest individual drops
Physical addresses ranked by how far their asking price has fallen, from the earliest comparable ask of the same advert (a range guide is never compared with a fixed price, and the other portal's concurrent ask never counts as a cut) — deduped across portals and relists, with the marketing agency where captured. Each row opens the full per-address price history.
Agencies cutting hardest
Real-estate agencies ranked by asking-price cuts across their tracked listings in the last 30 days. Aggregates only — an agency needs at least three tracked active listings to appear. Agencies come from realestate.com.au listings only: Domain listings carry no agency, so their cuts are not attributed here.
- 1The Agency - WAWA · realestate.com.au190 active listings · median ask $850k · 56 suburbs48 cutsavg −6.3% · $2.9M
- 2Ray White - WerribeeVIC · realestate.com.au114 active listings · median ask $680k · 9 suburbs42 cutsavg −6.2% · $2.2M
- 3MICM - Melbourne CBD & SouthbankVIC · realestate.com.au144 active listings · median ask $550k · 6 suburbs40 cutsavg −5.6% · $1.6M
- 4Image Property - Brisbane NorthsideQLD · realestate.com.au111 active listings · median ask $819k · 27 suburbs34 cutsavg −7.8% · $2.5M
- 5O'Neil Real Estate - KELMSCOTTWA · realestate.com.au102 active listings · median ask $780k · 14 suburbs28 cutsavg −5.9% · $1.6M
- 6LJ Hooker - Property CentreQLD · realestate.com.au87 active listings · median ask $959k · 14 suburbs28 cutsavg −4.8% · $1.6M
- 7Harcourts - Asap GroupVIC · realestate.com.au87 active listings · median ask $690k · 24 suburbs27 cutsavg −6.2% · $1.4M
- 8Professionals Granger Clark Real EstateWA · realestate.com.au56 active listings · median ask $935k · 14 suburbs24 cutsavg −5.2% · $1.4M
- 9YPA - POINT COOKVIC · realestate.com.au55 active listings · median ask $925k · 6 suburbs24 cutsavg −4.7% · $1.2M
- 10Douglas Corby - Ray White Rockingham BaldivisWA · realestate.com.au60 active listings · median ask $799k · 7 suburbs23 cutsavg −6.0% · $1.2M
- 11BD RealtyQLD · realestate.com.au111 active listings · median ask $912k · 12 suburbs23 cutsavg −5.0% · $1.2M
- 12Area Specialist - VictoriaVIC · realestate.com.au128 active listings · median ask $780k · 39 suburbs22 cutsavg −5.7% · $1.3M
Method & caveats. Derived from for-sale listings on realestate.com.au and Domain across a 500-suburb catalog in NSW, VIC, QLD, SA and WA, centred on the capital cities and their fringes — state rollups reflect those suburbs, not whole-state markets. A listing counts as on the market only if the crawl saw it in the last 14 days. “Last 30 days” windows run to the data date shown at the top of the page. Auction and price-on-application listings carry no numeric ask and are excluded from price aggregates. *Sold figures are incidental captures of sold-tagged cards (the last displayed price, not a verified settlement price) — treat them as indicative. Individual listings are not republished; address rows link to our per-address history, which deep-links to the live portal page. Not financial advice.