Business
Sydney and Melbourne property prices slow after record-breaking boom – Sydney Morning Herald
Sydney and Melbourne house prices increased by tens of thousands of dollars last month but there are now signs the record-breaking national property boom has peaked….
Buying a house in Sydney and Melbourne is now tens of thousands of dollars more expensive than it was just a month ago but there are signs the strongest property boom in decades is slowing.
Property prices increased 1.8 per cent nationally in April with every capital city and region recording growth, CoreLogic data released on Monday morning shows. This was down from a three-decade high 2.8 per cent price increase in March.
House prices are still rising but there are signs of a slowing in the market.Credit:Penny…
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