Australia’s Wealthy Suburbs Bear the Brunt of Falling Home Prices
Australia’s housing-market downturn has hit its most expensive suburbs hardest. Higher interest rates and tax arrangements that are less favorable to property investors have battered home prices in upscale Sydney suburbs including Point Piper, Mosman, Vaucluse, Hunters Hills and Woolahra. The data from property research firm Cotality was published in the Australian Financial Review. In Melbourne, Toorak and Kew East have been among the suburbs hit first by the property slump. North Curl Curl, in Sydney’s Northern Beaches, recorded the biggest decline in home prices nationwide. Its median residential value plunged 19.4% from a peak of A$4.1 million in September 2025 to A$3.3 million in July.
Australia’s housing-market downturn has hit its most expensive suburbs hardest.
Higher interest rates and tax arrangements that are less favorable to property investors have battered home prices in upscale Sydney suburbs including Point Piper, Mosman, Vaucluse, Hunters Hills and Woolahra. The data from property research firm Cotality was published in the Australian Financial Review.
In Melbourne, Toorak and Kew East have been among the suburbs hit first by the property slump. North Curl Curl, in Sydney’s Northern Beaches, recorded the biggest decline in home prices nationwide. Its median residential value plunged 19.4% from a peak of A$4.1 million in September 2025 to A$3.3 million in July.
Higher interest rates and tax arrangements that are less favorable to property investors have battered home prices in upscale Sydney suburbs including Point Piper, Mosman, Vaucluse, Hunters Hills and Woolahra. The data from property research firm Cotality was published in the Australian Financial Review.
In Melbourne, Toorak and Kew East have been among the suburbs hit first by the property slump. North Curl Curl, in Sydney’s Northern Beaches, recorded the biggest decline in home prices nationwide. Its median residential value plunged 19.4% from a peak of A$4.1 million in September 2025 to A$3.3 million in July.