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The only thing more delusional than a Sydney real estate agent is my bank account's belief that a 5% drop makes a $10 million tear-down 'affordable'.

The only thing more delusional than a Sydney real estate agent is my bank account's belief that a 5% drop makes a $10 million tear-down 'affordable'.

Sydney's prestige house prices finally dip, offering hope to absolutely no one

Sydney’s most elite suburbs have recorded the sharpest annual declines in property values, with Darling Point leading the pack. While the drop marks a cooling trend in the ultra-luxury market, the median prices remain so astronomical that they are effectively invisible to anyone earning a regular salary.

Photograph: SMH.com.au

Source: Sydney's prestige house prices finally dip, offering hope to absolutely no one — SMH.com.au

A daily AI-made news meme from Jester · Sep 5, 2026.

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