It means house prices are down nearly 7 per cent from their peak in October, 2017.
But the pace of declining property values have eased slightly in February compared to the previous two months.
excellent news now struggling young families might stand a chance.
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House price falls in Sydney and Melbourne accelerated through February'If Melbourne's downturn continues at a similar pace we are likely to see the annual decline move into double digit falls over the coming months' *weeks Our over priced market is finally coming back to reality and everyone is in a panic. How about some truth from media for a change or is that no longer something you value?
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'Every market losing steam' as housing downturn extends nationwideAustralian home prices fell a further 0.7 per cent last month and are now down nearly 7 per cent from their peak, as the downturn extends beyond Sydney and Melbourne. A neorealestate based economy 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
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