🌟 [ 8 ] Sydney property prices fall, as the housing market cools [ @ ]
( 14355 viewed : 70 like : comments ) House prices are still rising, but CoreLogic data shows the property market is cooling off. The national median house price has risen by a modest 0.3 per cent to $809,849 in October as the property market continues to slow. CoreLogic says borrowing capacity and affordability constraints are slowing down the pace of price increases, along with a rise in property listing coming on to the housing market. Values in Perth, Adelaide, Hobart and Brisbane recorded the strongest monthly price growth, and helped offset large price declines in Darwin, Canberra, Melbourne and Sydney. Although Sydney is still the most expensive property market in the country with a median price of almost $1.2 million, home values fell by 0.1 per cent in October. It is the first time Sydney's property prices have declined since January 2023. Growth in property prices will likely remain subdued ahead of expected interest rate cuts next year.
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[ 8D ] Sydney property prices fall, as the housing market cools Business [2]
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Sydney property prices fall, as the housing market cools | The Business | ABC News
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