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The prestige Melbourne suburb where house prices have fallen by $2m

The suburb recorded its steepest annual drop on record as higher rates and tax changes cooled demand at the top end, Domain data shows.

In March 2024, the typical house there cost $5.8 million. Now, it’s $3,665,000, as Melbourne’s property downturn continues.

4 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

The prestige Melbourne suburb where house prices have fallen by $2m

In March 2024, the typical house there cost $5.8 million. Now, it’s $3,665,000, as Melbourne’s property downturn continues.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Friday, September 4, 2026.
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