Jun 22, 2026 – 4.13pmSydney house prices have fallen 1.1 per cent in the last four weeks, with the pace of the decline picking up as clearance rates crash close to their lowest on record, according to Cotality.The correction, which could extend for months longer, hit the Sydney and Melbourne markets first but is already being felt in Perth, Brisbane and Adelaide where a previously buoyant market is also showing signs of easing.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Downturn is deepening’: Sydney prices fall faster as clearances crash
Prices in Sydney and Melbourne could fall by 8 per cent by the end of the year as auction clearance rates slump to near the lowest on record.
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