Golden neighbourhoods: 10 regions where home prices have held up in previous downturns

New data has uncovered some of the most resilient property markets of the past two decades, with home values consistently outperforming at times when the rest of the country stalled.Spread across a vast range of cities and townships, these so-called golden neighbourhoods typically offer diverse economies, a coastal or regional lifestyle, and relatively affordable homes with plenty of upside potential.It comes as property prices weaken across the country, with the latest realestate.com.au Home Price Index falling for a fourth straight month in July.Economists at ANZ this week lowered their forecasts for the housing market and now expect capital city prices to fall 4.3% this year and 3.4% in 2027, though peak-to-trough declines could be in the double-digits across Sydney and Melbourne.Jump ahead to see where home prices have shrugged off past downturns.ANZ economist Madeline Dunk said the combination of restrictive interest rates, recent tax policy changes and global uncertainty have dampened sentiment in the market.“Sydney and Melbourne prices have declined slightly more than our forecasts, and prices in Brisbane and Perth have started falling earlier than we expected,” Ms Dunk said...