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News Wire / economy

Melbourne Housing Market Remains Fragile

ABC NewsRadio AU Sydney 12d12d Impact 5
House prices in Sydney and Melbourne fell during the month of April, according to data from analytics firm Cotality. This decline follows a period where the annual growth rate across the board was approximately 9% over the last 12 months.

Topics

real estate housing market

Developing

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Sources · 7 independent

ABC NewsRadio AU

“The latest data from analytics firm, Cotality show house prices in Sydney and Melbourne fell in the month of April, albeit by a modest point”

ABC NewsRadio AU

“Now that we've seen all those downside factors really amplified by higher interest rates and sentiment has absolutely fallen off a cliff as well.”

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