Sydney, Melbourne tipped to lead housing price drops as market cools
AI Summary
Sydney and Melbourne are expected to see significant housing price declines of up to 7 and 8 percent in the coming year, as the market slows down. Despite these drops, current homeowners are still set to benefit, with resale profits reaching unprecedented levels. This shift suggests a potential cooling in the housing market, which could reshape real estate strategies and influence economic trends in these major cities.
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