Sydney house prices could fall up to $122k next financial year: Domain (opens original article in a new tab)

Sydney house prices may fall by up to $122,000 in 2027, with Melbourne also experiencing significant declines, according to Domain.

• Sydney house prices could fall by up to $122,000 in 2027 due to rate rises, cost of living, and property tax changes.
• Melbourne house prices may drop by $84,000, potentially pushing the median below $1 million for the first time since 2021.
• Top-end Sydney houses are expected to be most affected by the price decline.