Housing Market Shifts by City and Property Type

House prices in Sydney and Melbourne could plunge dramatically next year, with Domain predicting Sydney’s median to drop by $122,000 and Melbourne dipping below $1 million—driven by rising interest rates and tighter borrowing conditions. Yet, sellers are reaping record profits, fueled by years of price growth. Units may outperform houses as first-home buyers seek affordability amid higher borrowing costs. The market is now split: Sydney, Melbourne, and Canberra face declines, while Brisbane, Adelaide, and Perth still show growth. It’s not a crash, but a reshaped landscape shaped by rates, demand, and construction costs. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/54d13f1249deafec