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Money Flat week for capital city house prices

19:53  09 january  2018
19:53  09 january  2018 Source:   msn.com

House prices in Australia's capital cities are threatening 'negative growth' in 2018

  House prices in Australia's capital cities are threatening 'negative growth' in 2018 After starting in Sydney earlier in the year, Australia's housing market slowdown now appears to be spreading across Australia. After starting in Sydney earlier in the year, Australia's housing market slowdown now appears to be spreading across Australia.

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  Flat week for capital city house prices © AAP Image National home prices remained flat last week, but the continued drift in Sydney means they dropped on a monthly basis.

Home values excluding auctions in the week to January 7 were steady as slight falls in Sydney and Perth offset a marginal gain in Brisbane, according to preliminary figures released Monday by property data group CoreLogic.

On a monthly basis, however, home prices across the combined five capital cities fell 0.4 per cent, dragged down by weakness in Sydney's housing market - which dipped 0.7 per cent in the month.

Melbourne is slightly more resilient than the harbour city, sliding a mere 0.2 per cent in the month, while Perth also declined, down 0.4 per cent.

Brisbane and Adelaide rose 0.1 per cent and 0.2 per cent in the four weeks, respectively.

CoreLogic will resume reporting of weekly auction statistics with its next set of results.

Australian house prices might not be falling after all .
Australian home prices have been falling in recent months, according to CoreLogic, led by its largest and most expensive market, Sydney. Australian home prices have been falling in recent months, according to CoreLogic, led by its largest and most expensive market, Sydney.

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