The residential property markets in Melbourne and Sydney are currently seeing a decrease in property values.

墨爾本與悉尼的住宅房地產市場目前正出現房價下跌的情況。

The current drop in property prices is caused by several economic pressures. Specifically, three interest rate increases since February, along with government changes to tax rules regarding negative gearing and capital gains, have reduced the number of willing buyers. Consequently, Domain's forecasts for 2027 predict that house prices will fall by 4% to 8% in Melbourne and up to 7% in Sydney, while apartments in both cities are expected to decrease by about 3%.

目前的房價下跌是由於幾項經濟壓力所造成的。具體而言，自二月以來的三次調息，加上政府對負扣稅（negative gearing）與資本利得稅相關稅務規則的修改，減少了願意買房的人數。因此，Domain 對 2027 年的預測顯示，墨爾本的房價將下跌 4% 至 8%，悉尼則最多下跌 7%，而兩座城市的公寓預計將下跌約 3%。

Recent sales data suggests that actual price drops may be even higher than these predictions. In Melbourne, expensive properties have shown significant instability; for example, a home in Strathmore sold for $5.3 million, which was 18% lower than previous price guides. Similarly, a house in Mount Eliza lost 16% of its value in less than three years. In Sydney, this trend is clear as auction success rates have fallen to a five-year low of 47%, with some agents reporting price cuts between 10% and 15%.

最近的銷售數據顯示，實際跌幅可能比這些預測更高。在墨爾本，高價物業表現出明顯的不穩定性；例如，Strathmore 的一處房產以 530 萬美元成交，比之前的參考價低了 18%。同樣地，Mount Eliza 的一處房產在不到三年的時間內價值下跌了 16%。在悉尼，這一趨勢很明顯，拍賣成功率跌至五年最低的 47%，部分房產經紀報告價格下調了 10% 至 15%。

Opinions among experts are divided. Some market participants emphasize that it is now a 'buyers' market' and believe prices have stopped falling. However, others warn that the market is still unstable. Furthermore, a lack of competitive bidding has made potential buyers hesitant, as some are waiting for prices to drop even further. On the other hand, industry professionals argue that these discounts offer a great opportunity for long-term investment.

專家意見分歧。部分市場參與者強調目前是「買方市場」，並認為價格已停止下跌。然而，其他人則警告市場仍然不穩定。此外，由於缺乏競爭性競價，使得潛在買家猶豫不決，因為有些人正等待價格進一步下跌。另一方面，業界專業人士則認為這些折扣為長期投資提供了極佳的機會。

House prices in Australia's largest cities are falling due to financial and government constraints, although experts disagree on how long this trend will last.

由於財務與政府限制，澳洲最大城市的房價正在下跌，儘管專家對於這一趨勢將持續多久持有分歧意見。