Recent data shows a split trend in the Australian housing market. While the overall economy is unstable, luxury homes and entry-level properties are showing different levels of strength.

最近的數據顯示，澳洲房屋市場出現了分化趨勢。雖然整體經濟不穩定，但豪宅與入門級物業表現出不同程度的強勢。

The luxury housing market in Melbourne has remained surprisingly stable. For example, Middle Park saw median house prices rise by 10% to $2,995,000 by March, with growth also seen in areas like Glen Iris and Brighton East. Economist Atom Go Tian emphasized that this is caused by a lack of available homes and the fact that wealthy buyers often have family money. Furthermore, many buyers now prefer low-maintenance properties close to city centers rather than large pieces of land. However, some changes have occurred; Zali Reynolds from Shelter Real Estate noted that growth has slowed in Glen Iris, although she asserted that the area's medical hubs help protect residents from the effects of rising interest rates.

墨爾本的豪宅市場出奇地穩定。例如，Middle Park 的房屋中位價到三月上升了 10%，達到 2,995,000 澳元，Glen Iris 與 Brighton East 等地區也見到增長。經濟學家 Atom Go Tian 強調，這是因為可用房屋不足，加上富裕買家通常有家族財產支持。此外，現在許多買家比起大塊土地，更傾向選擇靠近市中心、低維護成本的物業。不過，也發生了一些變化；Shelter Real Estate 的 Zali Reynolds 指出 Glen Iris 的增長已經放緩，但她認為該區的醫療中心有助於保護居民免受利率上升的影響。

At the same time, there are concerns that first-time buyers may owe more than their homes are worth, especially since CBA economists predict a 6% to 7% drop in values by 2026. Some politicians, such as MP Andrew Hastie, have warned that buyers using government guarantee schemes are particularly at risk. Conversely, research from Cotality and REA Group suggests that price drops are mostly happening in the most expensive part of the market. Gerard Burg noted that the cheapest 25% of homes have stayed stable, with Sydney prices rising slightly by 0.4% and Melbourne falling by 0.2% up to May. Consequently, while it may be harder to refinance loans, the low unemployment rate is helping to prevent widespread mortgage defaults.

同時，有人擔心首購族可能會陷入負資產，特別是 CBA 經濟學家預測到 2026 年房價將下跌 6% 至 7%。部分政治家，例如國會議員 Andrew Hastie 警告，使用政府擔保計劃的買家風險尤其高。相反，Cotality 與 REA Group 的研究顯示，價格下跌主要發生在市場最昂貴的部分。Gerard Burg 指出，最便宜的 25% 房屋保持穩定，截至五月，悉尼房價輕微上升 0.4%，而墨爾本則下跌 0.2%。因此，雖然重新貸款可能較困難，但低失業率有助於防止大規模的抵押貸款違約。

In summary, price drops are mostly affecting the premium luxury sector, while entry-level homes and certain high-end suburbs remain stable.

總結來說，價格下跌主要影響高端豪宅部門，而入門級房屋與某些高端郊區則保持穩定。