44 Melbourne suburbs and 102 Sydney suburbs have median house/unit prices lower than pandemic levels due to increased interest rates and home inventory.
44 Melbourne suburbs have median house prices lower than pandemic levels, with 12 suburbs' prices down by at least $100K, including Toorak's $775K drop. 102 suburbs' median unit value is also below 2021 levels, due to increased interest rates and home inventory. Sydney's high-end suburbs have seen up to 7.5% declines within 3 months, with 40% of costlier areas affected by affordability and interest rate concerns.
July 13, 2024
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