Business
Sydney house prices take a 2.6pc pandemic hit – The Australian Financial Review
Residential property prices fell 1.8 per cent nationwide in the June quarter, according to Australian Bureau of Statistics figures.
Taking the longer view though, residential property prices rose 6.2 per cent through the year to the June quarter. Prices increased in all capital cities except Perth and Darwin.
“The number of residential property transactions fell substantially in the eight capital cities during the June quarter 2020, due to the effects of COVID-19 on the property market”, Mr Tomadini said.
Buyers are showing less enthusiasm as well, according to the Commonwealth Bank of Australia’s latest report on househol…
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