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They are down for a seventh straight month and are on track for the biggest fall in 40 years
Chronology
Australian home prices fall for seventh month, looming rate hike adds to pain
They are down for a seventh straight month and are on track for the biggest fall in 40 years
Reporting
- Australian home prices fall for seventh month, looming rate hike adds to pain
- Australia’s home prices fall further ahead of expected rate hike
They are down for a seventh straight month and are on track for the biggest fall in 40 years
- House prices fall for seventh consecutive month as interest rates dent demand
Centre of downturn shifts away from Sydney and Melbourne, but after such strong growth most homeowners still sit on sizeable gains Get our breaking news email, free app or daily news podcast Australian home values have dropped for a seventh consecutive month, with prices in the capital cities now falling at the fastest pace in 40 years as rising mortgage rates scare off buyers. Cotality data shows the centre of the downturn is also shifting away from Sydney and Melbourne towards the mid-sized state capital cities, with Brisbane and Perth leading October’s declines. Continue reading...