Australia's most expensive homes decline in value

Australia's most expensive homes decline in value

Australia's most expensive homes are leading the housing downturn, with high-end houses in Sydney and Melbourne down more than 10 per cent, property data shows.

Sydney and Melbourne’s high-end homes fall more than 10% in market slump

High-end homes are leading Australia’s property slump, with the top 25% in Sydney and Melbourne now more than 10% below their peaks, according to Cotality.