Latest ABS figures has revealed the initial property slump sparked by COVID-19 – NEWS.com.au

Australias capital city property prices have slumped, as coronavirus lockdown measures stifle buying activity. Property price data from the Australian Bureau of Statistics show residential housing prices for the June quarter went backwards 1.8 per cent compared to the prior quarter, with Melbourne and Sydney housing markets seeing the largest falls.
Residential property prices in Sydney dropped 2.2 per cent over the quarter, largely fuelled by house prices dropping 2.6 per cent. Attached dwelli…

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