Jun 24, 2026 – 5.00amHouse prices are falling fastest in Sydney and Melbourne’s more affluent suburbs as the federal government’s abolition of tax concessions for investors combines with the drag of successive interest rate rises to stifle demand, forcing sellers to accept lower offers.Suburbs on Sydney’s northern beaches, such as North Curl Curl and Avalon Beach, and in the east, including Kensington, South Coogee and Bronte, have posted falls of up to 15 per cent since their peaks. Prices in blue-chip Mosman are down more than 12 per cent since its peak last year, according to data provider Cotality.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Where house prices are falling the most in Sydney, Melbourne
Hit harder by rate rises, the top-tier fell first. But now the slowdown is headed for the bottom end after the federal budget’s tax shake-up, say analysts.
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