Buyer's market emerges in Sydney and Melbourne

Australia's property markets in Sydney and Melbourne have shifted to buyer's markets, with prices falling 1.9% and 2.7% respectively in 2025. Rising interest rates, global uncertainty and proposed government property tax reforms have caused buyers to step back, creating more supply than demand. Real estate agents are responding with creative strategies including luxury perks at open homes and innovative social media campaigns to attract potential buyers.See omnystudio.com/listener for privacy information.