Times of India

Australian home prices extend decline as inflation, rate fears weigh

Australian home prices extend decline as inflation, rate fears weighWorldPing

Australian home prices dropped for a fifth month in August. Sydney and Melbourne saw significant declines, now seven percent below peaks. Higher borrowing costs and inflation are squeezing buyer demand across the nation.

This is a short WorldPing brief. The full report was published by Times of India.

Read the full report at Times of India

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House prices head for historic 10% drop as fourth interest rate hike looms

Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continue Get our breaking news email , free app or daily news podcast The prospect of the steepest property market…

Brief by WorldPing · Original reporting by The Guardian