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.

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.

Economists believed house prices were going to fall even before the budget’s tax changes. Now there’s a price tag on those falls – up to $100,000.

Hit harder by rate rises, the top-tier fell first. But now the slowdown is headed for the bottom end after the federal budget’s tax shake-up, say analysts.

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…

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.

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