this post was submitted on 14 Sep 2026
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Recent data from property analytics firm Cotality reveals that upper-quartile house prices — those in the top 25 per cent — have fallen at more than double the rate of entry-level ones in Sydney and Melbourne.

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[–] Nath@aussie.zone 12 points 1 week ago (2 children)

Cotality executive research director Tim Lawless told SBS News that the top end of the housing market historically moves first in a property cycle.

Here's hoping the rest of the market follows.

[–] hanrahan@slrpnk.net 6 points 1 week ago

indeed, another 20% down would be nice

[–] Cherry@piefed.social 2 points 1 week ago (1 children)

A few more hikes predicted. There could be tears.

[–] Nath@aussie.zone 2 points 1 week ago (1 children)

It's currently around 6.9%. With mortgages around $800k, that's over $1k per week interest (not paying any of the principal off). It's already insane.

[–] Cherry@piefed.social 3 points 1 week ago

The battlecry of Australia's different and property only goes up, might cause a lot of hurt. Frustratingly for a lot of people that do not deserve it. This should have been reigned in a decade ago.

[–] taygaloocat@leminal.space 6 points 1 week ago

I've bought my house to live in it. It's a usury debt trap anyway, who cares if it drops

[–] dillekant@slrpnk.net 5 points 1 week ago

Oh no. Anyway.

[–] Taleya@aussie.zone 3 points 1 week ago

No ones buying overpriced "presrige". Fuckem

[–] MrFlibble4747@sh.itjust.works 1 points 1 week ago* (last edited 1 week ago)

FOMO foolishness will bite the latecomers and Portfolio Princes hard if it's investment driven, otherwise Keep Calm and Carry On?