Property News · June 4, 2018

Australian home prices post first annual fall in six years


Home prices across Australia’s major cities eased for an eighth straight month in May as tighter lending conditions at banks cooled demand in Sydney and Melbourne, although regional markets continued to tick higher.
Property consultant CoreLogic said on Friday its index of home prices for the combined state-capital cities slipped 0.1 per cent in May, after a 0.4 per cent dip in April.
That left nationwide prices down 0.4 per cent for the year, the first annual decline since 2012.
Along…

Source : South China Morning Post
Read more…Australian home prices post first annual fall in six years

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