Some houses in Australia are expensive and some are cheap. Both types of houses are doing well now.

澳洲有些房屋很貴，有些則很便宜。目前這兩類房屋的表現都很好。

Rich people in Melbourne still buy expensive houses. In Middle Park, prices went up 10%. These buyers have a lot of money. They like small houses near the city.

墨爾本的富有人士仍然購買昂貴的房屋。在 Middle Park，房價上漲了 10%。這些買家財力雄厚，他們喜歡市中心附近的小型房屋。

Some experts say house prices will go down by 2026. This is bad for people who buy their first home. They might owe the bank more money than the house is worth.

一些專家表示房價將在 2026 年前下跌。這對於首次購屋者來說並不理想。他們欠銀行的金額可能會高於房屋的價值。

However, cheap houses are stable. In Sydney, prices for cheap houses went up a little. Most people have jobs, so they can pay the bank.

然而，廉價房屋則較為穩定。在悉尼，廉價房屋的價格略有上升。大多數人有工作，因此能夠償還銀行貸款。

Expensive houses are losing value, but cheap houses and some rich areas are still strong.

昂貴的房屋雖然在失去價值，但廉價房屋和部分富裕地區依然強勢。

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。

Recent data indicates a bifurcated trend in the Australian housing market, where high-end luxury sectors and entry-level dwellings exhibit distinct resilience despite broader economic volatility.

近期數據顯示，澳洲房產市場出現分化趨勢，儘管整體經濟波動，但高端豪宅部門與入門級住宅仍表現出明顯的韌性。

The luxury residential sector in Melbourne has demonstrated an anomalous stability. Specifically, Middle Park recorded a 10% appreciation in median house prices to $2,995,000 for the period ending March, followed by growth in Glen Iris, Elsternwick, Brighton East, and Hawthorn. Economist Atom Go Tian attributes this resilience to the scarcity of inventory and the presence of intergenerational wealth among the buyer demographic. Furthermore, a shift in consumer preference toward low-maintenance, 'lock-and-leave' properties has been observed, with buyers prioritizing proximity to urban amenities over land size. However, some volatility persists; Zali Reynolds of Shelter Real Estate noted a recent deceleration in Glen Iris, though she posits that the area's proximity to medical hubs provides a fiscal buffer for residents whose incomes remain decoupled from interest rate fluctuations.

墨爾本的豪宅住宅部門表現出異常的穩定。具體而言，Middle Park 在截至三月的期間，房屋中位數價格上漲 10% 至 2,995,000 美元，隨後是 Glen Iris、Elsternwick、Brighton East 及 Hawthorn 的增長。經濟學家 Atom Go Tian 將此韌性歸因於庫存稀缺以及買家群體中存在的跨代財富。此外，消費者偏好已轉向低維護成本的「鎖門即走」型物業，買家優先考慮與都市便利設施的距離而非土地面積。然而，部分波動依然存在；Shelter Real Estate 的 Zali Reynolds 指出 Glen Iris 近期增長放緩，但她認為該區靠近醫療中心，為收入不受利率波動影響的居民提供了財政緩衝。

Simultaneously, concerns regarding negative equity among first-time buyers have emerged, exacerbated by predictions from CBA economists of a 6% to 7% decline in Sydney and Melbourne values by 2026. Political figures, including MP Andrew Hastie, have highlighted the vulnerability of buyers utilizing the 5% government guarantee scheme. Conversely, research from Cotality and REA Group suggests that price corrections are primarily concentrated in the upper quartiles of the market. Gerard Burg notes that the bottom 25% of the market has remained relatively stable, with Sydney seeing a 0.4% increase and Melbourne a 0.2% decrease in the three months to May. While negative equity may restrict refinancing capabilities, the prevailing low unemployment rate is cited as a mitigating factor against widespread mortgage defaults.

與此同時，關於首次購屋者負資產的擔憂隨之而來，而 CBA 經濟學家預測悉尼與墨爾本的房價到 2026 年將下跌 6% 至 7%，使情況更加惡化。包括國會議員 Andrew Hastie 在內的政治人物強調了利用 5% 政府擔保計劃之買家的脆弱性。相反，Cotality 與 REA Group 的研究顯示，價格修正主要集中在市場的最高四分位數。Gerard Burg 指出，市場最低 25% 保持相對穩定，悉尼在截至五月的三個月內上漲 0.4%，而墨爾本則下跌 0.2%。雖然負資產可能會限制轉貸能力，但目前低失業率被視為對抗大規模抵押貸款違約的緩衝因素。

The current market is characterized by a concentration of price declines in the premium sector, while entry-level properties and specific high-pedigree suburbs maintain stability.

目前的市場特點是價格下跌集中在高端部門，而入門級房產及特定高聲望郊區則維持穩定。