Capital City Home Prices Slump Below $1M as Buyers Vanish

$990,394 — The median price across Australia's capital cities at the end of August, slipping back below the $1 million psychological barrier for the first time since October 2025.

Money Moves

• $40,000 wiped off the average home's value over winter — Cotality data shows 93% of capital city suburbs saw values fall during the quarter, double the proportion that retreated in autumn
• Sydney slumps 4.7% through winter — Average residential property down...