Aug 3, 2026 – 5.00amProperty prices across almost every mainland capital are in retreat, led by a 1.4 per cent slump in Sydney during July alone, as Australia’s housing downturn gathers speed and spreads across the country.National dwelling values dropped 0.7 per cent last month, the steepest single-month fall since December 2022, when rapid interest rate hikes first battered buyer sentiment.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Top-end property prices hit hardest as housing slump deepens
Sydney led a national housing market downturn, tumbling 1.4 per cent in July alone as premium properties took the brunt of the fall with a 1.8 per cent decline.
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