House prices slump as Sydney values decrease by $48,000 this year
House prices declined in four capital cities, with Sydney values dropping by $48,000 this year. Cotality reported that more than half of auctioned homes are unsold, with national clearance rates below 50% since late May. The market struggles are attributed to rising interest rates and decreased borrowing capacity for property investors.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 30 Jun 2026, 15:08 UTC · Updated 30 Jun 2026, 15:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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