澳大利亚高端房产价格大幅下跌，中低端市场保持韧性

澳大利亚高端房产市场正经历显著价格回调。悉尼上四分位房屋（起价210万澳元及以上）价值较峰值下跌超过10%，墨尔本和堪培拉上四分位房屋（起价约120万澳元及以上）也遭遇相似跌幅1。与此形成对比的是，中低端房产表现相对抗跌，悉尼下四分位房屋价值仅下跌不足6%，墨尔本更是不足4%1。

全国范围内，住宅价值在过去三个月内下跌3.1%1。这一调整主要由利率上升和投资者税收政策变化所推动。劳工党在5月的预算改革中取消了大部分新投资者的负扣税政策1。与此同时，首次置业者和自住业主正逐步进入市场，形成买家类型的结构性轮换。根据政府5%定金计划，悉尼首次置业者可触及的房价上限为150万澳元，墨尔本为95万澳元，布里斯班为100万澳元1。

Australia's luxury housing sector is experiencing significant price deterioration while the affordable end of the market demonstrates resilience. In Sydney and Melbourne, upper-quartile properties have shed more than 10% of their value from peak levels, with Sydney's top-quartile homes starting at AUD 2.1 million and above, and Melbourne's at approximately AUD 1.2 million and above 1. Canberra's upper-quartile properties have similarly declined by more than 10% 1.

By contrast, lower-income segments are proving more resistant to downward pressure. Sydney's lower-quartile homes have fallen less than 6% from their peaks, while Melbourne's have dropped less than 4% 1. The divergence reflects broader market dynamics, with national residential values declining 3.1% over the past three months 1. Rising interest rates and policy shifts have been primary drivers, including the Labor government's May budget reforms that eliminated negative gearing tax benefits for most new investors 1.

The market realignment is attracting a new wave of buyers to the sector. First-time homebuyers and owner-occupiers are entering the market, capitalizing on lower prices and available assistance schemes. The first-home buyer deposit scheme sets purchase caps at AUD 1.5 million in Sydney, AUD 950,000 in Melbourne, and AUD 1 million in Brisbane 1.