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Business News In Brisbane

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

Australia's median property values dropped 1.2 per cent in October, to $721,018, a figure including both houses and apartments.

The rate of falls has eased in Sydney and in Melbourne but has "gathered momentum" in Brisbane, where home values are now falling the most rapidly of any capital city or rest-of-state region, according to Tim Lawless, the research director for property data and analytics firm CoreLogic.

Here's a breakdown of Australia's latest home price data for each capital city.

Read More: https://www.abc.net.au/news/2022-11-01/australian-property-prices-drop-capital-cities-rba-rates-rise/101598336

 

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