Housing Minister Admits Desire for House Price Shift Amid Record Decline Australia's housing market has experienced its steepest quarterly decline on record, with house prices plummeting across all capital cities. In response, the Housing Minister has acknowledged a desire for a change in house prices. The decline in house prices has been widespread, with every Australian capital city experiencing a drop in prices for the first time in 15 years. The median house price in Sydney has fallen to $1.66 million, a significant decrease from previous values. The Housing Minister has publicly expressed a desire for a shift in house prices, indicating a willingness to address the current market trends. This development comes as the housing market continues to experience significant fluctuations, with experts warning of a broader impact on the economy. The recent decline in house prices has raised concerns about the stability of the housing market and its potential effects on the broader economy. The Housing Minister's comments suggest a recognition of the need for a change in the market, but the exact nature of this change remains unclear.