Australia’s housing market loses steam with prices falling in Sydney and Melbourne

Australian housing prices have increased for the 22nd month in a row but the market appears to be losing steam after its weakest result since the run of consecutive monthly growth began.

The home value index compiled by the data group CoreLogic showed housing prices rose by a modest 0.1% in November – its weakest Australia-wide result since January 2023.

To read more: https://www.theguardian.com/australia-news/2024/dec/02/australias-housing-market-loses-steam-with-prices-falling-in-sydney-and-melbourne