Property prices in Sydney, Melbourne fall sharply, new research shows

Sydney now leads Melbourne in race to bottom of housing market

Accelerating declines in value in the two largest cities have tipped the basket of capital cities negative for the first time since January last year.

Australian housing market stalls in May

Australia's housing market continues to lose momentum, with national home values flatlining in May as higher interest rates, weak confidence and proposed property tax changes weigh on demand.

Home prices flatline, but no such joy for renters

The cost of buying a home in two big Australian cities has dropped, but rents are likely to continue rising over the coming months.

Property prices in Sydney, Melbourne fall sharply, new research shows

Price growth across the national property market has ground to a halt, with steep falls in Melbourne and Sydney helping first home buyers into the market.

National values flatline in May as housing markets face stronger headwinds

Cotality’s national Home Value Index was flat in May, with the housing cycle continuing to weaken across most markets. Beneath the flat national result, Sydney and Melbourne are leading the downturn, with dwelling values falling by 0.9% and 0.8% respectively in May, to be 2.1% and 2.9% below their cyclical highs in November last year....