Sydney's top end takes a big tumble but property elsewhere proves resilient
Sydney's luxury properties have taken a price hit despite the rest of the residential real estate market in the city proving particularly resilient at the moment.
Famously high property prices in the likes of Darling Point and Rushcutters Bay in East Sydney (pictured) have taken a sharp tumble. (Image source: Shutterstock.com)
House prices in some of Sydney’s most sought-after suburbs have plunged by as much as $1 million as the nation’s biggest property market comes off the boil.
In Woollahra and Waverley, in Sydney’s east, median house prices have fallen by $425,600 and $389,400 respectively over the past year.
House prices in beachside Cronulla, in the city’s south, are $267,800 cheaper than they were a year ago, while houses in North Manly, at the other end of …
