Business
Sydney and Melbourne house prices tumble through July – Sydney Morning Herald
Sydney and Melbourne house values fell through July with warnings they could drop more as government supports to wind down.
Despite the fall, Melbourne house values are still 8.9 per cent higher than a year ago.
The units and apartment sector in Melbourne has also eased, down by 0.7 per cent in July to be 1.9 per cent lower over the quarter. Again, it is still up by 8.2 per cent on the same period in 2019.
Elsewhere, house values fell by 0.3 per cent in Brisbane, by 0.6 per cent in Perth, by 0.4 per cent in Hobart and by 0.2 per cent in Darwin.
But two cities, Adelaide (0.1 per cent) and Canberra (0.7 per cent) de…
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