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 12 Oct 2026 · figures refreshed 12 Oct 2026

Part of the Australian house prices tracker →

Addresses cut (30d)

6,180

of 45,848 listings seen in the last 14 days

Median cut

−4.5%

average −5.4% · deepest −39%

Value cut from asks

$388M

summed reductions across cut addresses

Share of listings cut

13.5%

493 of 500 tracked suburbs swept in 14 days

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	16.6%	2972	−4.4%	$190M	$780k	$780k (2568)	17,878
Queensland	14.0%	1189	−5.0%	$76M	$928k	$1.0M (1576)	8,495
New South Wales	8.2%	928	−4.0%	$61M	$990k	$1.2M (3326)	11,256
Western Australia	14.1%	765	−5.3%	$46M	$839k	$915k (912)	5,436
South Australia	11.7%	326	−4.3%	$15M	$799k	$905k (912)	2,783

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	point cookVIC	88	26.0%	−4.4%	−20%	$820k	$740k (30)
2	werribeeVIC	70	21.7%	−3.6%	−17%	$680k	$570k (40)
3	clyde northVIC	62	14.6%	−3.9%	−13%	$755k	$835k (13)
4	tarneitVIC	62	13.3%	−3.9%	−18%	$679k	$645k (39)
5	melbourneVIC	53	11.4%	−5.0%	−18%	$500k	$400k (35)
6	pakenhamVIC	52	19.5%	−3.8%	−14%	$670k	$697k (40)
7	berwickVIC	50	19.9%	−5.1%	−17%	$890k	$873k (32)
8	wyndham valeVIC	47	20.7%	−5.3%	−19%	$600k	$610k (21)
9	brisbane cityQLD	46	24.5%	−5.0%	−15%	$788k	$805k (20)
10	southbankVIC	44	15.3%	−5.0%	−19%	$600k	$568k (27)
11	baldivisWA	41	18.3%	−4.7%	−15%	$829k	$874k (16)
12	mount marthaVIC	40	23.5%	−6.1%	−17%	$1.5M	$1.2M (21)
13	truganinaVIC	40	13.1%	−3.4%	−14%	$680k	$680k (28)
14	manor lakesVIC	39	33.1%	−3.0%	−14%	$663k	$640k (17)
15	rosebudVIC	39	27.1%	−5.1%	−16%	$775k	$896k (13)

Browse every tracked suburb's asking and sold aggregates on the housing dashboard →

Capitulation

Vendors pulling and re-cutting

Reading for 11 Oct

Withdrawn then relisted (30d): 487
Left the market (30d): 14,927

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.

1
The Agency - WAWA · realestate.com.au
180 active listings · median ask $877k · 51 suburbs
37 cuts
avg −6.0% · $2.1M
2
Ray White - WerribeeVIC · realestate.com.au
94 active listings · median ask $650k · 9 suburbs
34 cuts
avg −5.3% · $1.5M
3
MICM - Melbourne CBD & SouthbankVIC · realestate.com.au
105 active listings · median ask $550k · 6 suburbs
27 cuts
avg −5.6% · $1.1M
4
Harcourts - Asap GroupVIC · realestate.com.au
92 active listings · median ask $685k · 24 suburbs
26 cuts
avg −6.4% · $1.5M
5
Area Specialist - VictoriaVIC · realestate.com.au
118 active listings · median ask $750k · 38 suburbs
25 cuts
avg −5.9% · $1.4M
6
LJ Hooker - Property CentreQLD · realestate.com.au
86 active listings · median ask $987k · 14 suburbs
25 cuts
avg −4.5% · $1.3M
7
Ray White BPG - THORNLIEWA · realestate.com.au
57 active listings · median ask $770k · 11 suburbs
22 cuts
avg −8.9% · $1.5M
8
Image Property - Brisbane NorthsideQLD · realestate.com.au
110 active listings · median ask $850k · 28 suburbs
21 cuts
avg −6.4% · $1.3M
9
Jellis Craig - DoncasterVIC · realestate.com.au
101 active listings · median ask $1.3M · 12 suburbs
20 cuts
avg −6.5% · $2.8M
10
Professionals Granger Clark Real EstateWA · realestate.com.au
55 active listings · median ask $900k · 14 suburbs
20 cuts
avg −5.1% · $1.1M
11
O'Neil Real Estate - KELMSCOTTWA · realestate.com.au
102 active listings · median ask $799k · 14 suburbs
19 cuts
avg −6.7% · $1.2M
12
Ray White - RosebudVIC · realestate.com.au
40 active listings · median ask $785k · 2 suburbs
19 cuts
avg −6.2% · $1.1M

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.