Housing prices in Australia are falling for a third straight month after CoreLogic's Research Director Tim Lawless warned market conditions were 'likely to worsen' as interest rates continued to surge.
As Australia moves through Winter, CoreLogic said advertised stock levels will be in focus with the flow of new listings declining relative to the warmer months.
“Based on the pre-COVID average, we have typically seen an 18.9 per cent rise in the number of new listings between the winter and spring seasons," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sydney house prices fall for fifth straight month
Read more »
Australian property prices tumble at rates not seen since GFCInterest rate rises lead to dwelling values falling for third month in a row with Sydney prices down 5.2% since January
Read more »
House values tumble and could drop faster as rates set to riseIn Melbourne, house values are falling at their fastest rate since the global financial crisis, dropping by 1.6 per cent last month to be down 3.7 per cent over the quarter. | swrighteconomy
Read more »
House values tumble and could drop faster as rates set to riseSydney property values are falling at their fastest rate since the mid-1980s, while in Melbourne they are falling as fast as during the global financial crisis.
Read more »
House values tumble and could drop faster as rates set to riseSydney property values are tumbling at their fastest rate in almost 40 years as the Reserve Bank’s aggressive tightening of interest rates starts to bite | swrighteconomy
Read more »
The cities where house prices are tipped to plummet tens of thousands by year-endProperty prices across the country are tipped to fall up to another 5 per cent before the year is out, a new report forecasts. 7NEWS
Read more »