Property market is officially cooling down with biggest monthly drops in years | 9 News Australia

Australian home prices suffer biggest drop since Covid

Home values across Australia's capital cities have recorded their biggest monthly decline in almost four years, with national prices falling 0.4 per cent in June, the largest drop since December 2022. Sydney led the downturn, with prices falling 1.5 per cent over the month and 4.2 per cent since the start of the year. Melbourne prices are down 1.8 per cent over the past year, while Brisbane slipped 0.2 per cent in June. The Opposition has blamed the decline on government housing policies, claiming they are pushing younger Australians further out of the property market.

Should we be worried about negative equity?

Perth’s market is easing and some east coast markets have seen prices decline over the past month. This has already raised concerns about negative equity.

Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest

New Zealand’s falling home prices might make it look more attainable than it has in years. But the cooling market doesn't mean it's suddenly open season for foreign buyers.

KB Home Q2 Review: Muted Housing Market Unlikely To Recover Soon

KB Home Q2 Review: Muted Housing Market Unlikely To Recover Soon

House values plummet to four-year low

A perfect storm of interest rate increases and property tax changes has led to the sharpest fall in national house values in almost four years.