The Australian Property Horror Show Continues…

The latest data shows a deepening housing downturn, which has hit major capital city markets in Sydney and Melbourne hardest and is driving a vendor retreat. Cue The Benny Hill Music… Average home prices across all major centres are off their past peaks, something which will be confirmed when the property analysts publish their results for July on Monday. On the latest available figures Sydney averages are down 5.2%, Melbourne down 5%, Brisbane down 0.7%, Adelaide down 0.5% and Perth down 0.3%. Across the combined capitals this comes in at 2.3% down. Below these averages, which mask significant differences, some more […]