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Sydney house prices are falling - just not in the suburbs you’d expect

Sydney Morning Herald - Latest News·Robyn Willis·about 21 hours ago
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October 30, 2026 — 5:00am

Property price falls have extended beyond Sydney’s prestige enclaves to more affordable suburbs as the downturn becomes more widespread.

Marsfield in the Ryde-Hunters Hill area experienced the greatest price drop, falling 22 per cent in the12 months to September, according to the latest Domain House Price Report.

Prestige beachside suburb Bronte experienced the second-greatest fall in house prices, down 15.2 per cent over the same period. The median house price in each suburb is now $1,485,000 and $5,235,000 respectively.

Across Sydney, the cost to buy the typical house fell by 5.8 per cent over the year to $1,661,167.

For units, prices in Darling Point fell the most, down 16.8 per cent, followed closely by Redfern, which declined by 16.2 per cent.

At the other end of the spectrum , house prices in Prospect and Richmond in outer western Sydney, and inner west heritage suburb Haberfield all rose more than 23 per cent in the past year.

For units, it was Wahroonga where prices…

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