Sydney and Melbourne home prices fall

Original article by Lucy Slade
The Australian Financial Review – Page: 23 : 1-Apr-26

Data from Cotality shows that dwelling prices rose by 2.1 per cent nationallly during the first three months of 2026. The prices of homes in Sydney and Melbourne fell by 0.2 per cent and 0.6 per cent respectively in the March quarter; in contrast, Perth recorded price growth of 7.3 per cent, ahead of Brisbane with 5.1 per cent growth. ANZ Bank economist Madeline Dunk notes that there has been no growth in dwelling prices in Sydney and Melbourne since November; the prospect of further interest rate rises could put further downward pressure on both housing markets.

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