Sydney property prices plunge across suburbs | 7NEWS
Sydney’s property market is experiencing a significant downturn, with home values falling in nine out of ten suburbs. Changes to negative gearing and capital gains tax have triggered price drops ranging from 4% in Redfern to 18% in Darling Point, with Edgecliff recording the steepest fall at 17%. First home buyers are taking advantage of the declining prices to enter the market, while investor activity has notably decreased since the May budget announcement.
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