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Sydney, Brisbane, Melbourne real estate reclaiming post-pandemic price falls

Australia's three biggest cities are making progress towards regaining the lost ground their property markets conceded in the wake of the pandemic.

Suburban Sydney with Harbour Bridge in distance.
Sydney's prestige market had led the charge as property prices continued to rise throughout Australia. (Image source: Shutterstock.com)

Since bottoming out in February, property prices across Australia’s capital cities and regions alike have embarked on a three-month price recovery.

While still off their Covid-era peaks, Sydney, Melbourne

and Brisbane have made substantial inroads towards a full recovery.

Perth is the only capital city where dwelling values have returned

to record highs, while Adelaide is the other state capital in positive territory in terms of dwelling prices…

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