Business
House prices are teetering on a knife edge as Victoria suffers second wave – The New Daily
Australian house prices have fallen for a third consecutive month with locked-down Melbourne unsurprisingly suffering the largest falls.
Australian house prices have fallen for a third consecutive month, with Melbourne unsurprisingly suffering the largest falls.
And analysts warn the downturn could get even worse before government stimulus is eventually wound back.
CoreLogic’s July Home Value Index found national house prices slid 0.6 per cent over the month, led by a 0.8 per cent decline across the nation’s capital cities.
Following last month’s 0.7 per cent national fall, the two largest cities still remain among the hardest…
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