Australian Dwelling Values Hold Firm In March

Focusing on the capital cities, six of the eight capital cities have recorded a fall in values over the first quarter of 2018, ranging from a 1.7% drop in Sydney values to a 0.1% fall in Darwin.  

Mr Lawless said, “The broad-based falls highlight that the softening trend in the Australian housing market is largely due to weaker conditions in Sydney, however, most other capitals are also recording subtle falls.  Dwelling values were steady over the quarter in Brisbane and have continued…