Australia’s falling house prices have a silver lining for mortgage holders. Here’s why

The RBA’s governor, Michele Bullock, has made it clear that the ‘easing’ property market is on her mind

• Get our https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email, https://app.adjust.com/w4u7jx3">free app or https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast

It is the silver lining that’s not making headlines: https://www.theguardian.com/australia-news/2026/aug/03/house-prices-slide-across-australia-as-middle-east-conflict-and-tax-changes-begin-to-bite">falling home prices mean another Reserve Bank rate hike is less likely.

RBA board members will not be sitting on Monday and Tuesday discussing ways to https://www.theguardian.com/australia-news/2026/aug/07/housing-property-prices-affordability-australia-avoid-major-market-crash">prop up Sydney house values.