Most Australians want further drops in home prices, data shows

The majority of everyday Aussies want home prices to fall even further as the cost of living and affordability crisis pushes home ownership further out of reach for many Australians. New research from Finder found 66 per cent of Australians support or strongly support bringing house prices down, equivalent to 14.4 million people. Realestate.com.au’s latest Home Price Report released last week showed that national home prices had fallen by 3.3 per cent since the November peak in 2026. MORE: Home price crash deepens but with a twist Personal finance expert Sarah Megginson said most Aussies welcome further falls in home prices. Picture: Michelle Swan. MORE: ‘Extremely costly’: RBA move ‘to set back Aussies 10 years’ Finder personal finance expert Sarah Megginson said a further price fall would be welcomed by most Australians. “Even when you include the recent correction, property prices have surged far faster than most people’s pay packets, leaving would-be buyers needing bigger deposits and bigger mortgages just to get through the front door,” Ms Megginson said. Finder’s report found the support for a price fall was strongest among Gen Z and non-mortgagees. Only 57 per cent of Boomer...