Australia’s home price retreat gathers pace in July, Cotality data shows - Regional Media News

Sydney, Melbourne prices to fall 10 per cent as downturn deepens: NAB

The bank expects home values across all capitals overall to dip around 5 per cent. Only a month ago, its national forecast was for a 2 per cent drop.

Australia's home price retreat gathers pace in July, Cotality data shows

Australian home prices suffered a second month of steep falls in July as higher borrowing costs ​and unease over tax changes accelerated a downturn in the market ‌that has grabbed the attention of the country's central bank.

Housing affordability rises as price downturn continues

Three decades of home prices outpacing incomes could be over as Australia’s housing market downturn widens. The market recorded the largest single-month decline in home values in almost four years in July, data released by property analysis firm Cotality shows.  Australia’s two largest markets led a nationwide drop, with Sydney and Melbourne house prices falling by 1.4 per cent and 1.2 per cent respectively. Values were down 0.9 per cent across …

Spring set to test housing market - The Indian Sun

Australia’s housing market has suffered its sharpest monthly decline in almost three years, with fresh figures suggesting the slowdown is becoming broader and more entrenched as buyers retreat, auction activity weakens and more vendors choose to wait rather than accept lower prices. Cotality’s July Home Value Index shows capital city home values fell 0.7 per cent during the month, the largest monthly decline since December 2022. Over the three m…

Aussie property market sees sharpest monthly fall since 2022

Cotality’s latest national Home Value Index (HVI) analysis for the month of July has confirmed that the downturn plaguing the Australian housing market has seen its sharpest single-month drop since December 2022, falling by 0.7 per cent. The index noted that July marked a turning point for the downturn, having broken its confines to only Sydney (1.4 per cent drop) and Melbourne (1.2 per cent drop) and encroaching on “previously robust mid-sized …

Australia’s housing market downturn widens | Latest Cotality Home Value Index Report

Australia's property downturn gathered sharp momentum in July, with Cotality’s national Home Value Index (HVI) falling 0.7% - the largest single -month...