'Every market losing steam' as housing downturn extends nationwide

Five of the eight capital cities have had falling prices over the past year, as has regional Australia

The latest February figures from CoreLogic show Darwin and Perth are once again leading the monthly declines in prices, slumping 1.7 and 1.5 per cent respectively. Even the Brisbane market, which did not experience the same steep run-up in prices as the other two big capitals on the east coast has seen prices fall over the month, quarter and past year, although the declines are modest.

Prices in Canberra and Adelaide have been relatively flat over the past few months, and only modestly higher over the past year.

trevorevansbne your facebook video says that negative gearing reform will cause a loss to the value of housing. It looks like housing is loosing value without the reform. Any explanation? cookthebooks auspol qldpol brisbane bne ausvotes2019

. Sydney prices are up MORE THAN ONE THOUSAND PERCENT in 17 years... You think a little wobble makes houses affordable? Hmmmm

. RBA sitting soon... More timely releases by REA Public Relations team to try to get rates lowered instead of increased. This will be my first tume ever voting for Labor! Burn baby burn!

Ponzi schemes rely on suspension of reality. The many leeches of industry & government feeding off scheme kept pumping it up. Now music has stopped FONGO stage is starting led by boohoo brigade of idiots that borrowed for 5 ‘investment’ properties now wanting banks to play nice.

interest rates have not risen all time low ,if demand was there housing would go up in price , answer labor higher chance of winning next election, negative gearing tax =negative steam.

The RC into banking may have slowed lending to kids pushing trolleys at Coles and flipping burgers at Maccas. Still open to international money laundering though. I'm concerned about the young of our real estate agents it's only a matter of time before they are sold or eaten.

Not every market: “Hobart was the only capital city to post an increase in prices last month, with a 0.8 per cent rise showing that its property boom has not completely run out of steam.”

The over inflated housing market is losing ground. Who would have thought that would happen, a market correction?

Building for housing is probably the only manufacturing industry worth the name in our country. Building industry workers/ service providers losing income through lack of work and the shortage is digging in. Recession? In Sydney a stadium for the cost of 7,000 houses

A neorealestate based economy

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