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CBA forecasts Sydney and Melbourne home prices to fall 10 per cent as recovery

Commonwealth Bank expects home prices in Sydney and Melbourne to drop 10 per cent or more, with recovery unlikely before the second half of 2027 if interest rates fall.

Why it mattersHomeowners face declining property values and delayed recovery, while first-time buyers may see a shift in affordability but also need to time their entry carefully.

AustraliaMillions of Australian homeowners, especially in Sydney and Melbourne, will see property values drop significantly over the next year; renters may face slower growth in rents if property values fall.