{"id":26377,"date":"2020-07-23T12:55:14","date_gmt":"2020-07-23T00:55:14","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26377"},"modified":"2020-07-23T12:55:14","modified_gmt":"2020-07-23T00:55:14","slug":"house-prices-fall-by-2-per-cent-across-australia-during-june-quarter-domain-house-price-report","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-fall-by-2-per-cent-across-australia-during-june-quarter-domain-house-price-report\/","title":{"rendered":"House prices fall by 2 per cent across Australia during June quarter: Domain House Price Report"},"content":{"rendered":"<p><strong>PHOTO: Under APRA\u2019s new proposal, lenders would be permitted to review and set their own minimum interest-rate floor for use in serviceability assessments.\u00a0<span class=\"photographer\">Photo:\u00a0Sarah Rhodes<\/span><\/strong><\/p>\n<p class=\"p1\">House prices have fallen nationally by just 2 per cent over the last March-to-June quarter in a sign that government stimulus measures are managing to counter much of the COVID-19 drag.<\/p>\n<p class=\"p1\">At a time when unemployment is rising and household incomes are shrinking, the latest\u00a0<i>Domain House Price Report,\u00a0<\/i>released Thursday,\u00a0shows a glimmer of hope that the economy isn\u2019t taking such a massive hit as had originally been feared.<\/p>\n<div class=\"domain-article-share-link domain-article-share-fb \"><\/div>\n<div>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/model-wife-who-wrongly-accused-her-star-neurosurgeon-husband-of-assault-is-fighting-for-her-share-of-his-23million-property-portfolio\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image\" src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/07\/Mrs-Steel.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Dr Timothy Steel\" width=\"460\" height=\"270\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/model-wife-who-wrongly-accused-her-star-neurosurgeon-husband-of-assault-is-fighting-for-her-share-of-his-23million-property-portfolio\/\" rel=\"bookmark\">Model wife who wrongly accused her star neurosurgeon husband of assault is fighting for her share of his $23million property portfolio<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<div><\/div>\n<div class=\"domain-article-content-body domain-content-event-track\">\n<p class=\"p1\">House prices have fallen nationally by just 2 per cent over the last March-to-June quarter in a sign that government stimulus measures are managing to counter much of the COVID-19 drag.<\/p>\n<p class=\"p1\">At a time when unemployment is rising and household incomes are shrinking, the latest\u00a0<i>Domain House Price Report,\u00a0<\/i>released Thursday,\u00a0shows a glimmer of hope that the economy isn\u2019t taking such a massive hit as had originally been feared.<\/p>\n<div class=\"in-content-ad\"><\/div>\n<p><iframe data-src=\"https:\/\/webplayer.whooshkaa.com\/episode\/702252?theme=light\" width=\"100%\" height=\"190\" frameborder=\"0\" scrolling=\"no\" sandbox=\"allow-scripts allow-same-origin\" data-mce-fragment=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<p class=\"p1\">\u201cThe outlook for the housing market is definitely more stable than the broader economy,\u201d said Domain senior research analyst Nicola Powell. \u201cWhile prices in most capital cities have declined, the falls have been minimal to date.<\/p>\n<p class=\"p1\">\u201cThe unprecedented government stimulus with HomeBuilder, JobKeeper and JobSeeker, mortgage holidays, low stock levels and record low interest rates are shielding values from any significant declines, and helping to retain stability in the housing market,\u201d Dr Powell said.<\/p>\n<p class=\"p1\">Melbourne so far has borne the greatest brunt of the price slump, with houses down 3.5 per cent, while Sydney has shown the second-biggest drop at 2 per cent and Perth the third at 1.5 per cent. Brisbane houses are down by 1.4 per cent, and Darwin by 1 per cent.<\/p>\n<div class=\"embed_table\">\n<table dir=\"ltr\" width=\"641\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"6\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;HOUSES&quot;}\"><strong>HOUSES<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Capital City&quot;}\">Capital City<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:43983}\" data-sheets-numberformat=\"[null,5,&quot;mmm-yy&quot;,1]\">Jun-20<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:43891}\" data-sheets-numberformat=\"[null,5,&quot;mmm-yy&quot;,1]\">Mar-20<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:43617}\" data-sheets-numberformat=\"[null,5,&quot;mmm-yy&quot;,1]\">Jun-19<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;QoQ&quot;}\">QoQ<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;YoY&quot;}\">YoY<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Sydney&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Sydney<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$1,143,012&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$1,143,012<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$1,165,993&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$1,165,993<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$1,034,843&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$1,034,843<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.02}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-2.0%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.105}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">10.5%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Melbourne&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Melbourne<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$881,369&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$881,369<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$913,277&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$913,277<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$824,580&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$824,580<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.035}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-3.5%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.069}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">6.9%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Brisbane&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Brisbane<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$582,847&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$582,847<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$590,930&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$590,930<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$569,297&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$569,297<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.014}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-1.4%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.024}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">2.4%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Adelaide&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Adelaide<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$553,036&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$553,036<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$552,031&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$552,031<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$536,859&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$536,859<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.002}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">0.2%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.03}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">3.0%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Canberra&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Canberra<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$819,090&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$819,090<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$786,888&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$786,888<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$749,372&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$749,372<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.041}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">4.1%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.093}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">9.3%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Perth&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Perth<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$522,414&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$522,414<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$530,358&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$530,358<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$529,839&quot;}\" data-sheets-numberformat=\"[null,4,&quot;[$$]#,##0&quot;,1]\">$529,839<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.015}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-1.5%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.014}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-1.4%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Hobart&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Hobart<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$529,388&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$529,388<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$521,843&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$521,843<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$481,468&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$481,468<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.014}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">1.4%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.1}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">10.0%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Darwin&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">Darwin<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$516,213&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$516,213<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$521,574&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$521,574<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$516,715&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$516,715<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.01}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;]\">-1.0%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.001}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;]\">-0.1%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;National&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">National<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$804,602&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$804,602<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$820,685&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$820,685<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;$755,065&quot;}\" data-sheets-numberformat=\"[null,2,&quot;\\&quot;$\\&quot;#,##0&quot;,1]\">$755,065<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.02}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">-2.0%<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.066}\" data-sheets-numberformat=\"[null,3,&quot;0.0%&quot;,1]\">6.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h6>Source: Domain House Price Report, June quarter, 2020<\/h6>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/house-prices-fall-by-2-per-cent-across-australia-during-june-quarter-domain-house-price-report-971185\/\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"'Different rules for the rich!' 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":26378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478108952,478103303,478098566,478098562,478098542,478098519,478109948,478098535,478110529,478098522,478110147,478098537,478098543,478098556,478098539,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098536,478098618],"class_list":["entry","author-data123nz","post-26377","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-covid-19","tag-domain-house-price-report","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-homebuilder","tag-house-prices","tag-house-prices-fall","tag-interest-rates","tag-jobkeeper","tag-melbourne","tag-mortgages","tag-nsw","tag-perth","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- 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