Sydney Home Prices Fall More Than 10% From Peak

• Australian dwelling values fell 1.2% in October, extending the decline from March's peak to 6.7%.
• Sydney prices dropped more than 10% from February's peak, falling below levels recorded five years earlier.
• Brisbane led October's declines with a 2% fall; Perth values dropped 1.7%.
• Four interest rate increases have reduced median household borrowing capacity by about $71,000 since February, limiting affordability gains.
• Cotality research head Gerard Burg expects prices to keep falling until late 2027, when most economists forecast interest rate cuts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commonwealth Bank of Australia published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.