Business
Melbourne leads house price falls as other markets stabilise from coronavirus dip – ABC News
Melbourne’s property market takes another big hit during August, with price declines more than twice those seen in any other capital city around the country.
Melbourne’s property market has taken another big hit during August, with price declines more than twice those seen in any other capital city around the country.
Key points:
- Melbourne home prices fell 1.2 per cent last month, but remain 5.9 per cent up over the past year
- Most cities saw either modest gains, flat prices or a slower rate of decline in August compared with July
- Property listings fell in August at a time when they are usually rising, which is likely contrib…
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