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Australia’s home prices extend declines in August as downturn deepens

Sydney and Melbourne led the decline as higher rates and weaker investor demand cooled buyer activity, Cotality said.

Summary by WTVB
SYDNEY, Sept 1 (Reuters) - Australian home prices fell for a fifth month in August as the housing downturn spread to more cities and regional areas, data showed on Tuesday, ​with the risk of more policy tightening pointing to ‌tougher conditions ahead....

Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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BizToc broke the news on Monday, August 31, 2026.
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