{"id":13946,"date":"2018-09-06T10:25:19","date_gmt":"2018-09-05T22:25:19","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=13946"},"modified":"2018-09-06T10:25:19","modified_gmt":"2018-09-05T22:25:19","slug":"house-prices-are-set-to-tumble","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-are-set-to-tumble\/","title":{"rendered":"House prices are set to tumble"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Sydney house prices are expected to bottom out by the end of the year.\u00a0<\/strong><\/p>\n<p class=\"description\">MORE than 1600 properties are set to go under the hammer this week as the spring property season officially kicks off.<\/p>\n<div class=\"story-content\">\n<p>But far from the \u201cauction-mageddon\u201d of previous years, numbers this year are down more than one-fifth as house prices continue to fall, interest rates creep up and bank lending tightens.<\/p>\n<p>Property research firm CoreLogic said it was tracking a total of 1636 auctions for the first week of September \u2014 745 in Melbourne, 633 in Sydney, 102 in Brisbane, 79 in Adelaide, 49 in Canberra, 23 in Perth and five in Tasmania \u2014 down from 1915 last week and 2074 at the same time last year.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<div dir=\"ltr\">\n<div><b>AUSTRALIAN PROPERTY NEWS &#8211;\u00a0\u00a0<span style=\"font-size: large;\">JOIN OUR 30,000 PLUS SUBSCRIBERS<\/span><\/b><\/div>\n<div><span style=\"font-size: large;\"><b>\u00a0<\/b><\/span><\/div>\n<\/div>\n<\/div>\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1536268525406000&amp;usg=AFQjCNEKH1HJozS9LN6OuWtmnWl-3PNGeQ\" data-mt-detrack-inspected=\"true\"><strong>GET INFORMED: RECEIVE OUR FREE E-NEWSLETTER 1 X A WEEK PLUS OTHER PROMOTIONS<\/strong>\u00a0<\/a><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\n<div><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1536268525406000&amp;usg=AFQjCNEKH1HJozS9LN6OuWtmnWl-3PNGeQ\" data-mt-detrack-inspected=\"true\"><img decoding=\"async\" class=\"m_6237539353673583316m_2807712452952359855m_-6233732757575956804m_-3500885434512983393m_1945944798296288881m_5003593479474507777m_8013283371971675607m_-239257146864912038m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-alignnone m_6237539353673583316m_2807712452952359855m_-6233732757575956804m_-3500885434512983393m_1945944798296288881m_5003593479474507777m_8013283371971675607m_-239257146864912038m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-wp-image-12482 m_6237539353673583316m_2807712452952359855m_-6233732757575956804m_-3500885434512983393m_1945944798296288881m_5003593479474507777m_8013283371971675607m_-239257146864912038m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-size-medium lazyload\" data-src=\"https:\/\/ci3.googleusercontent.com\/proxy\/Dz2P_03R8icyFJl5TsBu2iAGLmze5HFg08s6vV0SpYS3cDTQN4P3TRJ0zlTOAIzpWKB04TzHsQfKUsgoFdLT4BX5TvaKFb0kIQzpR_SzCkNh6dzW-nDhtVHyg4ESBsNIqP9q7PSkQfdlgdhvv2U=s0-d-e1-ft#http:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg\" alt=\"\" width=\"300\" height=\"73\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-465x114.jpg 465w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up.jpg 637w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; 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--smush-placeholder-aspect-ratio: 300\/132;\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Sydney house prices are expected to bottom out by<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-are-set-to-tumble\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":9809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098815,478100787,478098512,478098521,478098540,478098892,478098519,478098535,478098753,478098537,478098556,478098579,478098510,478100109,478098514,478098575,478098511,478098533,478098509,478098536,478099136,478098618,478098977],"class_list":["entry","author-wpcomsupport","post-13946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-adelaide","tag-auction-mageddon","tag-australia","tag-australians","tag-canberra","tag-corelogic","tag-home-ownership","tag-house-prices","tag-lending","tag-melbourne","tag-nsw","tag-property-market","tag-property-news","tag-property-research","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-house-prices","tag-sydney-property","tag-tasmania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House prices are set to tumble - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-are-set-to-tumble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House prices are set to tumble - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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