Sydney property market bottomed out mid-July, top agent declares

A top Sydney agent says the eastern suburbs market bottomed out mid-July and is now stable.

Why it mattersIf the high-end eastern suburbs are stabilising, a recovery might be starting. This matters to sellers and investors worried about further falls.

AustraliaSydney property holds roughly a quarter of Australia's total home wealth; early stabilisation in its wealthiest areas could shape the wider market's trajectory.

✓ Claims checked against the source. checked 3 d ago

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.