Aug 7, 2026 – 5.00amThe real estate downturn is quickly spreading to almost every suburb in Sydney and Melbourne, and into smaller capitals that were once considered safe from significant price falls, as three interest rate increases this year collide with changes to popular tax concessions.In Sydney, figures compiled by real estate data advisory company Cotality show that 97 per cent of suburbs have registered price falls in the past three months. When taken over the past 12 months, that figure is 46 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The great housing slump spreading from Sydney Harbour to the suburbs
New data shows that the property downturn has spread to nearly every suburb in the country’s two largest cities, and is threatening to engulf other centres.
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