Is it time to buy a house? Here is what the CBA chief would tell his kids

August 12, 2026 — 1:14pm

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House prices are falling, interest rates are probably peaking, the economy is slowing and consumers are nervous. Not so Commonwealth Bank boss Matt Comyn, who says he would advise his own child to be looking to buy their first house soon.

Given Comyn’s children are still teenagers, this was his reply to a theoretical question, but it reflects the top banker’s views on the dynamics of the housing market. To be fair, his precise answer was that he would tell his child to get into the market over the coming 12 months.

The price of housing has already fallen over the past quarter in Sydney and Melbourne, by 4 per cent and 3.4 per cent, respectively, and most experts see this continuing for the remainder of the year and into 2027.

But Comyn, who understands the market and the psychology of borrowers better than most, subscribes to the CBA house view that we have already hit the top of interest rates in this cycle and the next move........

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