Its Not Over, page-252

@1ronnie

For Sydney, there is probably an impact of affordability.
According to the last figures from Corelogic, the average home value in Sydney is 1.1 million.
The 2nd most expensive capital cities after Sydney is Canberra (0.85 m) and then Melbourne and Brisbane at 0.77-0.78 m.
Average home prices look relatively cheap at 0.7 m in Adelaide and 0.63 m in Perth.

According to Corelogic, the main explanation for the deceleration in Sydney and Melbourne is about supply, with an increase of listings by around 10 % in the capital cities, while listings increased much less in other capital cities.
Advertised stock level has decreased by 2 % in Perth and increased by only 0.5 % in Brisbane and 1.6 % in Adelaide.