Business
Home prices ease in July but there are warnings of bigger falls ahead – ABC News
Australian home prices fall 0.6 per cent over the past month, with the biggest declines in Melbourne as the impact of the second wave of COVID-19 washes through the market.
Australian home prices fell 0.6 per cent last month, with the biggest declines in Melbourne as the impact of the second wave of COVID-19 was being felt.
- Home prices nationally fell 0.6 per cent in July, with a 0.8 per cent average decline for capital cities and flat prices in the regions
- Melbourne (-1.2 per cent) and Sydney (-0.9 per cent) had the biggest price falls last month
- Canberra recorded the nation’s strongest capital city price growth (+0.6 per cent)
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