Greater Sydney has 31 suburbs where median prices were lower than a year ago.
Two suburbs have lost more than $360,000 in median home values, among 118 in decline – with 21 more teetering on zero growth with dollar losses.
The updated PropTrack quarterly home value data to December analysed more than 5000 suburb results nationwide, identifying 139 areas where median values dropped in dollar terms as growth plunged or flatlined.
Of the 118 suburbs showing negative growth rates, 14 delivered losses higher than $110,000 – marking them as the worst dollar falls in Australia, eight of which were in Greater Sydney.
MORE: Rate shock: Aus big bank signals hike within weeks
Updated PropTrack data on the top dollar falls experienced last year.
SCROLL DOWN FOR THE FULL LIST
Victoria had the largest number of suburbs in dollar declines with 56 on the list – 39 in regional areas and 17 in Greater Melbourne. New South Wales had 46 suburbs in negative territory – 31 in Greater Sydney and 15 in regional areas. The Australian Capital Territory had 23 suburbs, the Northern Territory had 10, Queensland had two, and Tasmania had two.
Oakville in Sydney’s northwest recorded the worst decline in both percentage and dollar terms, with houses plummeting 21 per cent or $398,436 to $1.496 million. The suburb also experienced a brutal 20 per cent fall in just the past quarter.
Darling Point was the second-worst performer by dollar value, with apartments dropping 12 per cent or $362,395 to $2.725 million, including an 11 per cent quarterly decline.
Premium NSW suburbs dominated the worst dollar falls with Normanhurst units down 19 per cent or $203,743, whilst Cremorne Point units dropped 8 per cent or $162,023. Kirribilli units fell 11 per cent or $145,452, and Macmasters Beach houses declined 7 per cent or $143,585.
Thornleigh units experienced an 11 per cent fall or $111,460, whilst Double Bay units dropped 6 per cent or $110,171.
Melbourne’s ultra-premium Toorak appeared among the major dollar losers despite a modest 3 per cent fall, with houses down $165,494 to $5.053 million – demonstrating how small percentage declines in prestige markets represent substantial dollar losses.
Greater Melbourne had 17 suburbs where median prices fell in dollar terms in 2025..
Queensland’s two suburbs in decline were houses in Minyama on the Sunshine Coast, which saw a 6 per cent drop or $117,983 to $1.756 million, and units in Port Douglas in the Cairns region, which were down 1 per cent or $2,107 to $452,000.
Tasmania had two suburbs at 0 per cent growth showing losses – East Launceston houses were down by $2,656 while Taroona houses dropped $889.
Of the total, there were eight suburbs showing double digit percentage losses on the updated list, led by Oakville, with more than 100 in single-digit negative territory, where values fell by between 1 and 9 per cent.
An additional 21 suburbs are teetering on the edge, recording 0 per cent annual growth but showing dollar value declines ranging from as little as $17 in Berry, NSW, to $5,602 in Macedon, Victoria.
FULL LIST: WHERE HOME PRICES FELL
(Ranked within states/territories by dollar loss)
QUEENSLAND (2 suburbs)
Minyama houses: -6% or -$117,983 to $1,756,000
Port Douglas units: -1% or -$2,107 to $452,000
TASMANIA (2 suburbs)
East Launceston houses: 0% or -$2,656 to $861,000
Taroona houses: 0% or -$889 to $981,000
NORTHERN TERRITORY (10 suburbs)
East Side houses: -5% or -$28,974 to $514,000
Desert Springs houses: -2% or -$18,111 to $719,000
The Gap units: -5% or -$16,864 to $302,000
Larapinta houses: -3% or -$15,248 to $419,000
Braitling houses: -2% or -$9,471 to $468,000
Araluen units: -3% or -$9,233 to $370,000
Araluen houses: -2% or -$9,137 to $540,000
Gillen houses: -2% or -$8,441 to $463,000
Sadadeen houses: -2% or -$7,797 to $435,000
East Side units: -1% or -$4,631 to $328,000
AUSTRALIAN CAPITAL TERRITORY (23 suburbs)
Greenway units: -8% or -$44,207 to $474,000
Harrison units: -6% or -$34,521 to $500,000
Hughes houses: -2% or -$31,484 to $1,360,000
Denman Prospect units: -4% or -$26,922 to $591,000
Dickson units: -4% or -$24,979 to $594,000
Forrest units: -3% or -$24,518 to $766,000
Narrabundah units: -4% or -$22,724 to $608,000
Barton units: -3% or -$20,027 to $609,000
Watson units: -4% or -$19,420 to $510,000
Downer units: -3% or -$17,374 to $585,000
Reid units: -3% or -$15,633 to $538,000
Parkes units: -2% or -$15,238 to $879,000
Phillip units: -3% or -$14,597 to $528,000
Taylor units: -2% or -$12,729 to $619,000
Turner units: -2% or -$12,312 to $620,000
Curtin units: -3% or -$10,509 to $388,000
Lyneham units: -2% or -$9,337 to $560,000
Franklin units: -1% or -$5,372 to $500,000
Campbell units: -1% or -$4,469 to $653,000
Griffith units: -1% or -$4,250 to $619,000
O’Connor units: 0% or -$3,099 to $618,000
Lyons units: -1% or -$3,024 to $443,000
Kingston units: 0% or -$632 to $650,000
NEW SOUTH WALES (46 suburbs)
Greater Sydney (31 suburbs)
Oakville houses: -21% or -$398,436 to $1,496,000
Darling Point units: -12% or -$362,395 to $2,725,000
Normanhurst units: -19% or -$203,743 to $894,000
Cremorne Point units: -8% or -$162,023 to $1,758,000
Kirribilli units: -11% or -$145,452 to $1,228,000
Macmasters Beach houses: -7% or -$143,585 to $2,026,000
Thornleigh units: -11% or -$111,460 to $857,000
Double Bay units: -6% or -$110,171 to $1,775,000
Woollahra houses: -2% or -$89,849 to $4,590,000
Potts Point units: -6% or -$47,985 to $805,000
Sylvania Waters houses: -1% or -$35,118 to $2,427,000
Kurraba Point units: -2% or -$29,200 to $1,641,000
Chippendale units: -3% or -$28,286 to $837,000
Turramurra units: -3% or -$27,253 to $906,000
Elizabeth Bay units: -3% or -$26,540 to $837,000
North Kellyville units: -4% or -$25,222 to $672,000
Rushcutters Bay units: -3% or -$23,327 to $711,000
Sydney units: -2% or -$21,130 to $976,000
Northbridge units: -1% or -$18,885 to $1,339,000
Copacabana houses: -1% or -$15,859 to $1,739,000
Macquarie Park units: -2% or -$14,261 to $884,000
Haymarket units: -1% or -$13,568 to $941,000
Lalor Park units: -2% or -$10,796 to $614,000
Erskineville units: -1% or -$9,206 to $1,066,000
North Ryde units: -1% or -$6,115 to $770,000
Darlinghurst units: 0% or -$4,741 to $921,000
Concord West units: 0% or -$2,612 to $755,000
Mortlake units: 0% or -$2,456 to $852,000
Kellyville units: 0% or -$1,740 to $770,000
Banksmeadow units: 0% or -$941 to $1,005,000
Homebush units: 0% or -$55 to $676,000
Regional NSW (15 suburbs)
Byron Bay houses: -5% or -$111,094 to $1,992,000
Burradoo houses: -3% or -$92,261 to $2,549,000
Suffolk Park units: -3% or -$39,912 to $1,203,000
Toronto units: -4% or -$28,205 to $681,000
Bangalow houses: -2% or -$25,146 to $1,568,000
Jindabyne units: -3% or -$22,699 to $753,000
Mittagong units: -3% or -$18,279 to $718,000
Moss Vale units: -2% or -$13,865 to $732,000
Robertson houses: -1% or -$11,417 to $1,170,000
Queanbeyan West units: -1% or -$5,816 to $590,000
Queanbeyan units: -1% or -$4,395 to $440,000
Cooma houses: 0% or -$1,073 to $518,000
Grenfell houses: 0% or -$933 to $374,000
Bermagui houses: 0% or -$32 to $950,000
Berry houses: 0% or -$17 to $1,807,000
VICTORIA (56 suburbs)
Greater Melbourne (17 suburbs)
Toorak houses: -3% or -$165,494 to $5,053,000
South Yarra houses: -5% or -$96,215 to $1,920,000
Rye units: -7% or -$46,837 to $623,000
Carlton units: -9% or -$39,346 to $398,000
Blairgowrie houses: -3% or -$37,489 to $1,429,000
Ferny Creek houses: -3% or -$36,081 to $1,060,000
Safety Beach units: -4% or -$32,376 to $844,000
Sorrento houses: -2% or -$29,693 to $1,969,000
St Kilda houses: -2% or -$29,281 to $1,515,000
Rye houses: -3% or -$26,236 to $937,000
Deepdene houses: -1% or -$24,220 to $3,675,000
Dromana units: -2% or -$13,237 to $747,000
Rosebud units: -1% or -$6,931 to $671,000
Gardenvale units: -1% or -$4,979 to $391,000
Fitzroy houses: 0% or -$4,889 to $1,521,000
Balaclava houses: 0% or -$3,931 to $1,381,000
Box Hill units: 0% or -$2,556 to $540,000
Regional Victoria (39 suburbs)
Lorne houses: -8% or -$148,435 to $1,777,000
Apollo Bay houses: -14% or -$142,071 to $852,000
Echuca units: -20% or -$115,024 to $468,000
Anglesea houses: -6% or -$99,015 to $1,437,000
Lakes Entrance units: -14% or -$71,376 to $441,000
Lorne units: -5% or -$65,237 to $1,164,000
Venus Bay houses: -9% or -$48,967 to $521,000
Sunset Strip houses: -7% or -$45,618 to $591,000
Ocean Grove units: -6% or -$45,429 to $715,000
Paynesville units: -9% or -$41,227 to $430,000
Foster houses: -6% or -$35,883 to $546,000
Torquay units: -4% or -$32,063 to $865,000
San Remo houses: -3% or -$31,121 to $878,000
Benalla units: -8% or -$30,271 to $346,000
Surf Beach houses: -4% or -$27,785 to $727,000
Cowes houses: -4% or -$26,540 to $694,000
Inverloch houses: -3% or -$26,219 to $822,000
Cowes units: -4% or -$24,376 to $556,000
Wimbledon Heights houses: -4% or -$22,290 to $569,000
Colac units: -5% or -$22,149 to $389,000
Lake Wendouree houses: -2% or -$21,914 to $1,087,000
Portarlington houses: -2% or -$20,509 to $861,000
St Leonards units: -3% or -$18,352 to $592,000
Wangaratta units: -5% or -$18,252 to $378,000
Cape Woolamai houses: -2% or -$17,285 to $708,000
Ventnor houses: -2% or -$17,071 to $763,000
Eildon houses: -4% or -$15,283 to $423,000
Wonthaggi houses: -2% or -$12,776 to $523,000
Wonthaggi units: -2% or -$9,790 to $408,000
Barwon Heads houses: -1% or -$9,649 to $1,497,000
Alexandra houses: -1% or -$8,524 to $546,000
Portarlington units: -1% or -$6,514 to $669,000
Macedon houses: 0% or -$5,602 to $1,116,000
Cape Paterson houses: -1% or -$4,622 to $742,000
Kalimna houses: -1% or -$3,609 to $515,000
Mooroopna units: -1% or -$2,465 to $322,000
Lara units: 0% or -$2,198 to $509,000
Yarram houses: 0% or -$1,729 to $431,000
Maryborough units: 0% or -$900 to $347,000
SOUTH AUSTRALIA/WESTERN AUSTRALIA
No suburbs
(Source: PropTrack)
English (US) · 