I only did a very basic search, but the AI summary said that Sydney prices also peaked in 2022 (pandemic boom), declined, and have only recently reached the 22 levels.
This article also has some interesting data for comparing Aus cities.
Eg the Sydney median is $1.8M vs Melbourne 1.1M, and the difference in 2nd most expensive city to 5th most expensive city is less than $60k
‘more affordable’ means only 10k cheaper than its peak lmao. Housing is so fucking cooked, is this the best we can expect from the market?
I only did a very basic search, but the AI summary said that Sydney prices also peaked in 2022 (pandemic boom), declined, and have only recently reached the 22 levels.
This article also has some interesting data for comparing Aus cities.
Eg the Sydney median is $1.8M vs Melbourne 1.1M, and the difference in 2nd most expensive city to 5th most expensive city is less than $60k