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Money Property prices drop for ninth straight month, as regional markets outpace the capitals

08:00  02 july  2018
08:00  02 july  2018 Source:   msn.com

Is Brisbane the first big crack in Australia’s house price bubble?

  Is Brisbane the first big crack in Australia’s house price bubble? Is the Brisbane apartment market the canary in the coal mine with a Chinese buyer reported to have sold an apartment at a big 28% loss?Share market investors should be following this news closely as a hard drop in house prices will certainly have an impact on Aussie equities and the wider economy.

Housing prices continue sliding for many Australian capital cities over the past quarter, as tighter lending conditions and falling investment levels continue to drag on the market .

as regional markets outpace the capitals - Housing prices have slipped for many Australian capital cities in the past quarter, as Home prices fell 0.2 per cent in June on a national basis, which marks the ninth consecutive month -on- month drop , according to the latest report from property

a building with a red umbrella© Provided by ABC Business

Housing prices have slipped for many Australian capital cities in the past quarter, as tighter lending conditions and falling investment levels continue to affect the market.

Home prices fell 0.2 per cent in June on a national basis, which marks the ninth consecutive month-on-month drop, according to the latest report from property industry analysts CoreLogic.

National property prices peaked in September last year and have since fallen 1.3 per cent to a median of $556,384.

The weakest capital cities were Sydney (-0.9pc) and Melbourne (-1.4pc) in the last three months, bringing their median (middle) prices down to $870,554 and $716,774 respectively.

Prediction for strong house price growth in Tasmania's north and north-west

  Prediction for strong house price growth in Tasmania's north and north-west The Real Estate Institute of Tasmania says Launceston and the north-west is starting to show home price increases and a decreasing number of properties for sale, a similar pattern that has led to booming Hobart prices.According to the Real Estate Institute of Tasmania (REIT), 2017 was Launceston's best year in the last decade in regards to the number of properties sold.

Home prices fell 0.2 per cent in June on a national basis, which marks the ninth consecutive month -on- month drop , according to the latest report from property industry analysts However, the fall in capital city prices was partially offset by a 0.6 per cent rise in combined regional markets .

National property prices peaked in September last year and have since fallen 1.3 per cent to a median of 6,384.

Home prices fell 0.2 per cent in June on a national basis, which marks the ninth consecutive month -on- month drop

Hobart remains the capital with largest price increases, jumping 2.3 per cent — yet it still has the nation's second-lowest median capital city dwelling price, at $436,899.

However, the fall in capital city prices was partially offset by a 0.6 per cent rise in combined regional markets.

The best performing regional markets over the past year were Geelong (+11pc), Launceston (+7.1pc) and Southeast Tasmania (+6.8pc).

More to come.

Glenn Dyer’s TV Ratings .
A win for Queensland, but not for Nine.Origin night. Queensland wins, Nine wins, but not as convincingly as hoped. In fact, it was the lowest rating State of Origin games since Game Three of the 2016 series (just over 2.3 million people nationally). The audience fell 22% on a national basis from the 3.45 million national figure for Game One on June 6 to 2.63 million last night. That’s a fall of 773,000, which is substantial by any measure. Metro viewers fell to 1.77 million, down 577,000 or 24% from Game One, and the regional audience fell to 864,000 from 1.10 million, a drop of around 22%..

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