The decline in the NSW capital since values peaked this year beat the 8.2pc decline Melbourne has suffered over the past 4 ½ years, new Cotality figures show.
Sydney home values have fallen more in the past eight months than Melbourne’s did over the previous 4½ years.
The analysis by data company Cotality comes as higher borrowing costs, tax changes and a cost-of-living crisis have put Australia on track to record the fastest decline in housing prices in 40 years.
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Four players had been under investigation after an alleged sexual assault after a game in Melbourne.
Victoria Police say a thorough investigation has concluded there is insufficient evidence to lay charges over the incident at a Melbourne hotel in August.
