The property market isn’t falling evenly
One of the more interesting charts from Cotality this month.
Over the last three months, Sydney’s top 25% fell 5.2% compared with just 1.4% at the bottom end.
Melbourne is almost identical. The top end fell 4.6% while the bottom fell 1.2%.
This is pretty consistent with what I’m seeing. First home buyer price points are still competitive, but once you move into the higher end there are fewer buyers, more properties sitting around and far more room to negotiate.
If you’re upgrading, you might take a hit selling your current place, but the discount available on the next property could be much larger.
Posted Aug 14, 2026, 12:47 AM UTC
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