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Red brick cottage with white picket fence in Australian suburban setting

Australian home prices slide as interest rates squeeze buyers

Most Australian capital cities saw price falls over winter, with Sydney hit hardest. But higher mortgage rates still lock out many first-home buyers.

Why it mattersFalling prices don't help buyers if mortgage rates keep monthly repayments high. The real squeeze is both factors together.

AustraliaAustralians buying homes face higher monthly repayments even as prices ease; renters saving for a deposit face the same rate-driven barrier to entry.

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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.