Will Home Prices Drop In 2028. Property prices would plummet by hundreds of thousands of dollars in some aussie suburbs over the next five years while rising in others if recent market trends continued, new data suggests. Here's where experts predict the housing market is headed in 2025.

Within the rental market, housing rents could drop by 5% in the second half of 2024, culminating in a 5% to 10% drop for the full year. Home prices are declining in some markets—and rising in others.