NAB chief economist sees 7% peak-to-trough drop in Australian capital city dwelling prices

Reuters2026/09/03 02:24

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NAB Chief Economist Sally Auld told a Senate committee housing affordability remains Australia’s key economic and social challenge.
Auld flagged a 25-basis-point cash rate rise in September to 4.6%, citing sticky inflation in July CPI data.
Risks tilt to another increase in November if activity stays resilient.
NAB forecasts a 7% peak-to-trough fall in combined capital-city dwelling prices, including about a 5% decline in 2026.
Auld said lasting affordability gains require sustained supply growth, citing a Productivity Commission estimate of 50% fewer dwellings per hour than mid-1990s.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NAB chief economist sees 7% peak-to-trough drop in Australian capital city dwelling prices

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