‘Worse before it gets better’: Sydney, Melbourne house price plunge likely to accelerate
By Dominic Powell
August 3, 2022 — 5.15amAdvertisementHousing prices in some of Melbourne and Sydney’s most affluent suburbs have dropped almost 10 per cent in the past three months, with economists predicting the falls could accelerate as interest rates continue to rise.
Data out this week from property analytics firm CoreLogic show a plunge in valuations in Australia’s largest capital cities, with dwelling prices through July falling 2.2 per cent in Sydney and 1.5 per cent in Melbourne.
- Forums
- Property
- House price collapse fait accompli
House price collapse fait accompli, page-156
-
- There are more pages in this discussion • 140 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug