Search
  • Andre Dirckze

Australian Home Prices Fell a Little Faster Last Week



According to Business Insider, Australian home prices fell by 0.2% last week, steeper than the 0.1% decline seen in early July.

  • Melbourne and Sydney once again led the declines, falling 0.3% and 0.2% respectively. Prices were also lower in Adelaide and Perth.

  • Total property listings across the country remain higher than a year ago thanks to large increases in Sydney and Melbourne.


Australian home prices fell at a faster pace last week, led by declines in all mainland state capitals except for Brisbane.


According to CoreLogic, the median price across the country fell by 0.2% in average weighted terms, led by declines of 0.3% in Melbourne and 0.2% in Sydney.


Along with declines in the largest and most expensive capitals — accounting for around 60% of Australia’s total housing wealth — median prices also slipped by 0.1% apiece in Adelaide and Perth.

Brisbane was the one exception to the rule with prices holding steady from a week earlier.

Combined with prior falls, the weekly movements left prices nationally down 0.5% over the past month.


Give WE Mortgage Solutions a call to see how we might be able to help your dream of entering the Melbourne property market, a reality!


1 view

The Financial Collective

Wealth Effect Group is an Authorised Representative of Boston  Reed Ltd ABN 89 091 004 885, AFSL 225738

“Andre Dirckze (AR 395157) and Beth Lavelle (AR 1238693) and Deborah French (AR 1271304) and Wealth Effect Group (CAR 424768) are authorized representatives of Boston Reed AFSL 225738 ABN 89 091 004 885”

As part of our continuing commitment to client service, the maintenance of client confidentiality and as required by law, Boston Reed  Limited complies with the Privacy Act 1988.

 

Wealth Effect Pty Ltd ATF Wealth Effect Unit Trust. ABN: 78 766 858 328  trading as WE Mortgage Solutions as an Authorised Credit Representative of BLSSA Pty Ltd Australian Credit Licence Number 391237,  Authorised Credit Representative :480612.

Privacy Statement

Any advice in this website is of a general nature only and all case studies are for illustrative purposes only. Please seek advice tailored to your own personal circumstances before acting on this information.

connect@thefinancialcollective.com.au  |   Level 1, 102/103 175b Stephen Street, Yarraville, VIC 3013

  • Facebook Basic Black
  • Black Instagram Icon