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Sydney, Melbourne price declines deepen in ‘glum’ housing market
The NSW capital is leading the downturn and its upper end is falling the fastest. Even the boom towns of Perth, Brisbane and Adelaide are easing.
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afr.com
Sydney, Melbourne have worst auction week in more than five years
Sellers are pulling out to avoid a weakening market, although a $3.23 million auction sale in Glebe showed buyers were still there for the right property.
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abc.net.au
Major capital cities record worst housing auction clearance rates in years
Sydney and Melbourne record their weakest auction results in years, with fewer than half of all homes going under the hammer finding a buyer.
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theage.com.au
House values fall – but homes are not getting more affordable
Rate rises, unaffordable homes and the government’s tax changes are behind another fall in value of the nation’s homes.
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Home prices 'fully in decline' with biggest national fall since 2022
Australian home values record their biggest decline in more than three years as the housing market slowdown that began in Sydney and Melbourne spreads across the country.
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theguardian.com
House prices fall in four capital cities as Sydney values drop nearly $50,000 this year
More than half of homes taken to auction not selling while median property price in Adelaide started to slide in June
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sbs.com.au
One city bucks the trend as Australians pocket record gains despite housing downturn
House prices fell again in June, but one capital is still rising — and many sellers are banking record gains, new data suggests.
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Sydney, Melbourne price declines deepen in ‘glum’ housing market
The NSW capital is leading the downturn and its upper end is falling the fastest. Even the boom towns of Perth, Brisbane and Adelaide are easing.
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smh.com.au
House prices plummet as tax changes kick in
House prices around the country have fallen as negative gearing changes kick in on top of high interest rates.
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straitstimes.com
Australia home prices suffer steepest monthly fall since 2022 as higher rates burst bubble
Record housing boom succumbed to higher borrowing costs, while a tax clampdown on investment properties rattled buyers. Read more at straitstimes.com. Read more at…