Home values in Sydney and Melbourne drop over 3.5 percent since downturn
Home values in Sydney and Melbourne have dropped by over 3.5 percent since the start of the property downturn, according to Cotality data. Experts warn that this trend could last longer than 12 months, with the key factor being the potential for interest rate cuts next year. Buyer sentiment has weakened amid rising rates and external factors.
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Published 14 Jul 2026, 19:00 UTC · Updated 14 Jul 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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