Aug 11, 2026 – 12.19pmANZ expects Sydney house prices could fall as much as 14.5 per cent from peak to trough as the housing downturn gathers pace and extends into next year, with a recovery not expected until 2028.The big four bank has revised down its forecast from just two months ago and now expects a peak-to-trough decline of 10.6 per cent overall across all the capital cities on the back of faster-than-expected falls in prices and as market weakness has spread to smaller capital cities beyond Sydney and Melbourne.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles