Sydney, Melbourne tipped to lead housing price drops as market cools
Domain forecasts Sydney and Melbourne will lead Australia in housing price declines over the next year, with prices expected to fall by up to $122,000 in Sydney and 8 percent in Melbourne. This follows interest rate hikes and changing tax policies that have impacted buyer demand. Notably, first-home buyers may turn to units due to affordability constraints.
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Published 24 Jun 2026, 14:05 UTC · Updated 24 Jun 2026, 14:10 UTC
Summary by OZbrief Editorial. Original report: ABC News – Australia. Editorial policy · Corrections
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