{"id":19225,"date":"2019-06-02T09:55:23","date_gmt":"2019-06-01T21:55:23","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19225"},"modified":"2019-06-02T09:55:23","modified_gmt":"2019-06-01T21:55:23","slug":"property-figures-reveal-sydney-and-melbourne-are-nearing-the-bottom-of-the-downturn-but-hobart-news-isnt-so-good","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/property-figures-reveal-sydney-and-melbourne-are-nearing-the-bottom-of-the-downturn-but-hobart-news-isnt-so-good\/","title":{"rendered":"Property figures reveal Sydney and Melbourne are nearing the bottom of the downturn but Hobart news isn\u2019t so good"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO: Home Price Index<\/strong><\/p>\n<p>Latest property data says the worst may be behind us, but the news isn\u2019t so good for these Australian capital cities.<\/p>\n<p class=\"description\">The property market is at a shifting point with Sydney and Melbourne prices edging to the bottom of the cycle while the outperforming markets are beginning to plateau, new data reveals.<\/p>\n<div class=\"story-content\">\n<p>The country\u2019s two major capitals were expected to weaken for another few months but voters slamming the door on Bill Shorten\u2019s proposal to change negative gearing and capital gains concessions may have brought that recovery forward.<\/p>\n<p><b>RELATED:<\/b>\u00a0<a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/housing-market-auction-clearance-rates-rise-after-coalition-election-win\/news-story\/9ccf62e24662141c0f88c8f62de5af68\" data-tgev=\"event119\" data-tgev-metric=\"ev\" data-tgev-order=\"9ccf62e24662141c0f88c8f62de5af68\" data-tgev-label=\"finance\" data-tgev-container=\"bodylink\">Auction clearance rates rise after Coalition win<\/a><\/p>\n<p><b>RELATED:<\/b>\u00a0<a href=\"https:\/\/www.news.com.au\/finance\/economy\/interest-rates\/rba-could-cut-cash-rate-to-05-per-cent-jp-morgan-says\/news-story\/7112cbde3b549b838118897a3f8512e9\" data-tgev=\"event119\" data-tgev-metric=\"ev\" data-tgev-order=\"7112cbde3b549b838118897a3f8512e9\" data-tgev-label=\"finance\" data-tgev-container=\"bodylink\">RBA could cut cash rate to 0.5 per cent<\/a><\/p>\n<p>This, combined with the\u00a0<a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/buying\/apra-urges-banks-to-ease-mortgage-criteria\/news-story\/e32fc0756e1302d341f128f0666d027c\" data-tgev=\"event119\" data-tgev-metric=\"ev\" data-tgev-order=\"e32fc0756e1302d341f128f0666d027c\" data-tgev-label=\"finance\" data-tgev-container=\"bodylink\">Australian Prudential Regulation Authority<\/a>\u00a0easing access to finance will stimulate the sector, realestate.com.au chief economist Nerida Conisbee said.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/property-figures-reveal-sydney-and-melbourne-are-nearing-the-bottom-of-the-downturn-but-hobart-news-isnt-so-good\/news-story\/c1094737a2067a2b181353bfad88d195\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO: Home Price Index Latest property data says the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/property-figures-reveal-sydney-and-melbourne-are-nearing-the-bottom-of-the-downturn-but-hobart-news-isnt-so-good\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478104990,478098521,478098807,478098542,478098519,478098535,478098513,478101743,478100051,478098510,478098514,478098511,478098509,478098536,478100917,478098618,478098977,478098677],"class_list":["entry","author-data123nz","post-19225","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australian-capital-cities","tag-australians","tag-hobart","tag-home-loans","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-markets","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-sydney","tag-sydney-and-melbourne","tag-sydney-property","tag-tasmania","tag-victoria"],"yoast_head":"<!-- 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