EconomyHigh-end Australian homes suffer steepest falls as affordable market proves resilient

New data shows upper-quartile house values in Sydney and Melbourne have fallen by more than 10% from their peaks, while lower-priced properties have held up better. Analysts say the market is showing signs of stabilising as investors withdraw and first-time buyers and owner-occupiers return, although higher interest rates continue to weigh on housing.

Australia housinghouse pricesSydneyMelbourne

TThe Guardian★★★☆☆2026-09-09 14:01Original