Episode Details

Melbourne’s housing market just hit its biggest drop in nearly four years, with median prices falling 3.1% to $1.04 million — the first negative year-over-year growth in 15 months. Apartments are also cooling, as rising rates and affordability squeeze buyers. While Sydney, Canberra, and Melbourne see declines, Adelaide surges 5% and Perth remains strong, revealing a wildly uneven national landscape. Adelaide has now overtaken Melbourne as the fourth most expensive city. Buyers are now more selective, but the good news? More homes, longer sale times, and lower auction clearance rates mean unprecedented negotiating power.

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