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Australia’s most exclusive postcodes, from Sydney’s Point Piper, Mosman, Vaucluse, Hunters Hill and Woollahra to Melbourne’s Toorak and Kew East, are bearing the brunt of the housing downturn, a correction that economists say will reduce pressure on the Reserve Bank to raise interest rates again.
North Curl Curl on Sydney’s northern beaches has led the nation’s price declines, with median dwelling values tumbling 19.4 per cent from their September 2025 peak of $4.1 million to $3.3 million in July.
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