Domain forecasts Sydney, Melbourne house price drop of 7-8% | ABC NEWS
Real estate data researcher Domain has predicted home values in Sydney and Melbourne will shed 7 and 8 per cent respectively in the 2026/2027 financial year. The federal government has rejected the forecast, as Housing Minister Jason Clare says the figures do not reflect the Treasury’s outlook. Housing expert Cameron Kusher says rate rises and tax policy changes are likely to weigh on the minds of homebuyers and lead to weaker housing market conditions. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-2... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel
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