Homes to fall back to 2023 in Sydney as real estate nationally to fall and make housing more affordable in 2027
Australian Financial Review · Lucy Slade ·
The housing correction is on track to be the biggest on record, wiping years of growth from prices. But it may not help first home buyers if rates stay high.
More than $200,000 could be stripped from Sydney’s median house price by the time Australia’s biggest property slump on record is over, some time next year, as successive rate rises combine with tax changes to choke demand in the housing market.
The historic correction could wipe several years of growth from all capital city markets by the time it is done, sending Sydney prices back to the level they were in early 2023.
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