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Sydney, Melbourne tipped to lead housing price drops as market cools
House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it's far from doom and gloom for existing owners, with resale profits hitting a record.
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afr.com
‘Downturn is deepening’: Sydney prices fall faster as clearances crash
Prices in Sydney and Melbourne could fall by 8 per cent by the end of the year as auction clearance rates slump to near the lowest on record.
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theage.com.au
House price fall could slice $100,000 from your home’s value
Economists believed house prices were going to fall even before the budget’s tax changes. Now there’s a price tag on those falls – up to $100,000.
