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The Guardian - AU

National

Tory Shepherd

Median home price could fall below $1m in Sydney and about $700,000 in Melbourne next year

Sydney Melbourne RateCity

Traditional Queenslander houses are seen in the Brisbane suburb of Paddington — Traditional Queenslander houses in Brisbane. Home prices in capitals other than Sydney and Melbourne are forecast to rise this year before falling in 2023. Photograph: Darren England/AAP

Median home prices in Sydney could drop below $1m by the end of next year, new modelling suggests.

In Melbourne, the median price could drop to about $700,000.

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