- Housing prices in Sydney and Melbourne rebounded more than 2 per cent in June but fell or were flat over the quarter as the cities’ five-year bull market slowly runs out of steam.
In other capital cities, housing prices were patchy with the exception of the long-depressed Perth market where values rose 1.3 per cent in June, taking the quarterly rise of 0.8 per cent as a sign of “subtle improvement”.
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Jo Sharkey and her partner Glenn Green and son Toby, 5, are selling their investment property in Stanmore in Sydney’s inner west. Picture: Britta Campion