Sep 9, 2026 – 1.58pmA historic harbour-view mansion in Sydney’s inner west has changed hands for $12.8 million – a huge discount on the near-$20 million price it was sold for four years ago, as trophy homes are also swept up in the national property downturn.The six-bedroom home is one of a number of high-end properties selling for less than the price they achieved during the COVID-19 boom of the early 2020s, as the housing slump – driven by higher interest rates, global instability and Labor’s changes to investor tax concessions – gathers pace.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles