‘Fewer buyers’: The Sydney suburbs with the deepest property downturns
Sydney's high-end coastal suburbs are experiencing the sharpest property value declines, with some areas seeing drops of nearly 20 percent from recent peaks. Experts attribute this to affordability pressures and a lack of buyers for premium properties following a period of rapid growth.
Why it matters
The data suggests a cooling trend in the Australian housing market, specifically impacting luxury real estate segments.
Property News Sydney house prices ‘Fewer buyers’: The Sydney suburbs with the deepest property downturns Alice Uribe August 8, 2026 — 5:00am
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Share A A A Sydney’s prestigious coastal suburbs have had the deepest home value falls from their recent highs, with the cost to buy the typical home in some spots plunging by close to 20 per cent.
North Curl Curl, in the northern beaches, has dropped the most from its recent cyclical peak, according to Cotality data. Since September, dwelling prices in the suburb have fallen 19.4 per cent, or almost $790,000, to a median value of $3.28 million at the end of July.
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