The suburbs where house prices dropped most in 2022
- Dec 13, 2022
- 1 min read
House values in a string of sought-after Sydney suburbs have dropped more than 20 per cent over the past year, new figures show, and declines in some pockets of Melbourne and Brisbane are not far behind.
Popular inner-city and coastal Sydney suburbs have had median values plummet this year as consecutive interest rate hikes and affordability constraints reined in buyer demand and spending power.
The 10 largest house value drops nationally were all in Sydney suburbs, CoreLogic’s annual Best of the Best report, released on Tuesday, shows.
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