AdvertisementNationalNSWEditorial Editorial House price corrections come and go, let’s not overreact this time The Herald's View Editorial August 9, 2026 — 5:30amAugust 9, 2026 — 5:30am Save You have reached your maximum number of saved items. Share A A AAustralia’s twin urban giants – Sydney and Melbourne – are leading a broad-based downturn in house prices. The Sydney property market is experiencing a correction, but it’s not unusual. AdvertisementThere is broad agreement that high house prices have locked many young people out of the property market, especially in Sydney. Some economists warn that further house price declines could undermine consumer confidence and dampen household spending.