Jul 1, 2026 – 5.00amSydney is leading a national housing downturn with price falls accelerating there and in Melbourne, while growth has eased in the smaller capitals as Labor’s tax changes and the prospect of further interest rate rises douse buyer confidence.Led by Sydney’s 1.2 per cent decline over June, the national median fell by 0.4 per cent over the month in its biggest month-on-month change since 2022. Adding to the downward momentum, Melbourne prices dropped 1 per cent and Canberra dipped 0.6 per cent, data provider Cotality’s monthly home value index shows.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Sydney, Melbourne price declines deepen in ‘glum’ housing market
The NSW capital is leading the downturn and its upper end is falling the fastest. Even the boom towns of Perth, Brisbane and Adelaide are easing.
114 words~1 min read
