Values across Australia’s capitals decline for fifth consecutive month – with only Darwin bucking trend
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Australian house prices are continuing to fall as property owners in Sydney make a loss on resales in order to escape high interest rates, new data has shown.
Property prices fell a further 1.4% in September. It is the fifth consecutive month values have fallen – in all capital cities except Darwin – after six months of rate hikes.
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Continue reading…Values across Australia’s capitals decline for fifth consecutive month – with only Darwin bucking trendFollow our Australia news live blog for the latest updatesGet our free news app, morning email briefing or daily news podcastAustralian house prices are continuing to fall as property owners in Sydney make a loss on resales in order to escape high interest rates, new data has shown.Property prices fell a further 1.4% in September. It is the fifth consecutive month values have fallen – in all capital cities except Darwin – after six months of rate hikes. Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…