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Why this segment of the housing market is struggling

Nila Sweeney

House prices in some Sydney suburbs where the median sits at $2 million or higher have dropped by as much as 7.5 per cent in the past three months, as poor affordability and uncertainty over interest rates dents demand, data from CoreLogic shows.

The price falls are being recorded in more than two out of five of Sydney’s pricier suburbs, the data shows.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/why-this-segment-of-the-housing-market-is-struggling-20240711-p5jsvp