# Housing Market Slows Across Major Cities | Sydney News

Page: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/housing-market-slows-across-major-cities-sydney-news
Text version: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/housing-market-slows-across-major-cities-sydney-news.md
Podcast: [Sydney News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669)
Published: 2026-06-30T15:33:01+00:00
Episode link: https://api.fastcast.ai/audio/9ebff253-b77c-4f22-9158-4f4dd2ae87c0.mp3
Audio file: https://api.fastcast.ai/audio/9ebff253-b77c-4f22-9158-4f4dd2ae87c0.mp3
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Duration seconds: 112

## Resource

Housing prices are cooling across major capitals as median values dip in Sydney, Melbourne, Canberra, and now Adelaide — a sharp reversal after months of steady growth. Sydney’s market is hit hardest, with prices falling nearly $48K since January, while Melbourne and Canberra also see declines, though still up year-on-year. Rising interest rates and new investor lending rules are squeezing affordability, leading to more auctions falling through — over half of listings aren’t selling. Homes under $1 million still move, but premium properties are proving harder to sell. Perth and Brisbane are also slowing after strong gains. Experts warn of gradual declines, not a crash, with overall sales down 16% year-over-year. Buyers are gaining leverage, sellers holding firm are losing ground — this is a market to watch closely as we head into the rest of the year. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/234e963aaa1126a7

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