•   
  •   

Money Sydney home prices are still sliding

05:11  16 april  2018
05:11  16 april  2018 Source:   businessinsider.com.au

Sydney home prices continue to slide

  Sydney home prices continue to slide Australian home prices fell modestly in early April in weighted terms, reflecting continued weakness in Sydney. Sydney home prices continued to fall in early April, continuing the trend seen in recent months.

Home prices across Australia’s state capitals were flat last week in average weighted terms. Sydney prices continued to weaken, dropping 0.1%. The median Sydney price has slid 2%, more than triple the 0.6% decline seen in Melbourne.

Home prices fell across most Australian mainland state capitals last week, including Sydney and Melbourne. Along with tighter lending standards, affordability constraints and still -weak growth in household incomes, another factor behind the recent price slide is a noticeable increase in properties

a man in a pool of water© Provided by Business Insider Inc

Home prices across Australia's state capitals were flat last week.

According to CoreLogic, a small 0.1% increase in Brisbane, along with flat results in Melbourne and Adelaide, were able to offset declines of 0.1% in both Sydney and Perth.

Despite the flat weekly result, Melbourne prices have fallen 0.3% over the past month, the most of any state capital. They also fell in Sydney and Brisbane over the same period, declining 0.2% and 0.1% respectively.

In contrast, prices in Adelaide and Perth strengthened over the month, rising by 0.1% and 0.3% respectively.

Combined, prices nationally fell 0.2% over the past month in average weighted terms.

Brisbane house prices rose nearly 300 per cent over the last 30 years, Productivity Commission report says

  Brisbane house prices rose nearly 300 per cent over the last 30 years, Productivity Commission report says Brisbane house prices have surged by nearly 300 per cent in real terms over the past 30 years, a new report into housing affordability says. The 299 per cent increase was primarily driven by the cost of land, rather than the quality of housing.

Australian home prices fell again last week, led by a modest decline in Melbourne. Prices in Sydney , having previously led the recent national slowdown, were flat while those in Adelaide and Perth rose by 0.1% and 0.2% respectively.

Sydney home prices continued to fall in early April, continuing the trend seen in recent months. According to CoreLogic, prices in Australia’s largest and most expensive housing market fell by 0.1% in the first full week of April which, along with flat performances from Melbourne and Brisbane

a screenshot of a cell phone© Provided by Business Insider Inc

Largely reflecting ongoing price weakness in Sydney, along with recent declines in Melbourne, prices so far this year have fallen 1.1% in weighted terms.

The median Sydney price has slid 2%, more than triple the 0.6% decline seen in Melbourne.

Sydney's apartment building boom is hitting new highs even as prices start to fall

  Sydney's apartment building boom is hitting new highs even as prices start to fall Unit prices in Sydney are falling. Total units under construction in NSW hit the highest level on record late last year. There are 16,786 units approved but yet to begin construction across the state, the second highest number on record. Home prices are falling in Sydney, including for units.According to data from CoreLogic, apartment prices in Australia's largest and most expensive housing market fell by 0.9% in the first three months of the year, seeing the increase on a year earlier slow to 1.9%.If the chart below is anything to go by, there could well be further declines to come.

Australian home prices continued to fall in early July, dragged lower yet again by falling values in Sydney and Melbourne. Year-to-date, Brisbane and Adelaide remain the only mainland capitals where values have increased, lifting modestly by 0.3% and 0.4% respectively.

Australian home prices continued to fall last week, driven lower by declines in Sydney , Melbourne and Perth. Scott Olson/Getty ImagesModest falls still being seen.

In the smaller mainland state capitals, prices have fallen 0.3% and 0.2% respectively in Adelaide and Perth. Brisbane prices have held up better, remaining steady so far in 2018.

Again, largely reflecting softness in Sydney price, prices across the mainland state capitals are now just 0.1% higher than a year ago in average weighted terms.

Sydney lift Plate after win over Victory

  Sydney lift Plate after win over Victory Sydney FC have capped their dominant A-League regular season with a 1-0 win over Melbourne Victory at Allianz Stadium.Sydney lifted the annual beyondblue Cup, thanks to striker Bobo's 27th goal of the season, as well as the Premier's Plate for the second-straight year at Allianz Stadium on Friday night.

IKEA Quality furniture at affordable prices . Find everything from smart storage solutions, mattresses, textiles, wardrobes to kitchens & more. When we work together, we can reduce the risk of accidents. Creating safer homes together.

Sydney and Melbourne have posted another fall in house prices for January as the downward trend in the two biggest markets maintains momentum, Corelogic's latest Hedonic Home Value Index shows. Prices in Sydney and Melbourne fell 0.9 per cent and

By individual capital, they've fallen 2.9% in Sydney, outpacing a drop of 2.3% in Perth over the same period.

Annual price growth in Melbourne continues to slow, falling to 4.7% last week, while price in Adelaide and Brisbane rose 1.4% and 1.1% respectively over the past year.

a close up of a map© Provided by Business Insider Inc

Along with tighter lending restrictions on local and foreign investors, weak growth in household incomes and ongoing affordability constraints in many of Australia's most expensive markets, an increase in the number of properties currently up for sale is another factor likely contributing to the recent price slowdown, especially in Sydney.

According to the group, total listings in Sydney stand at 26,274, up 22.1% on a year earlier. While not to the same degree, Melbourne listings have also ticked higher, lifting 2.6% to 29,982.

In contrast, total listings in all other capitals except Canberra have fallen over the year, contributing to the recent price divergence in Sydney and Melbourne compared to other parts of the country.

a screenshot of a cell phone© Provided by Business Insider Inc

Australian home prices are lower than a year ago .
Australian home prices are now lower than a year ago, in average weighted terms. According to CoreLogic, prices across Australia's five mainland state capitals fell by 0.1% over the past year in average weighted terms, a result largely reflecting outright declines in Sydney and a sharp slowdown in Melbourne.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!