Sellers are more likely to lose money in some neighbourhoods than others, as a new forecast predicts how far property prices could fall.

Prices in Sydney and Melbourne could fall by 8 per cent by the end of the year as auction clearance rates slump to near the lowest on record.

Some areas have recorded double-digit drops in their auction clearance rates as interest rate increases bite and investors pull back.

House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it's far from doom and gloom for existing…

Sellers are more likely to lose money in some neighbourhoods than others, as a new forecast predicts how far property prices could fall.

Houses at Sydney’s top end are expected to take the biggest hit, while Melbourne’s median could slip below $1 million in 2026-27.