{"id":27959,"date":"2020-10-02T08:46:31","date_gmt":"2020-10-01T19:46:31","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27959"},"modified":"2020-10-02T08:46:31","modified_gmt":"2020-10-01T19:46:31","slug":"australian-house-prices-fall-for-fifth-straight-month","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australian-house-prices-fall-for-fifth-straight-month\/","title":{"rendered":"Australian house prices fall for fifth straight month"},"content":{"rendered":"

PHOTO: Australian property market<\/strong><\/p>\n

Australian home prices eased for a fifth straight month in September, weighed down by the two largest cities of Sydney and Melbourne, though the other six capital cities enjoyed an upturn in both values and listings.<\/p>\n

Data from property consultant CoreLogic on Thursday showed home prices across the nation slipped 0.1 percent in September from a 0.4 percent decline in August and 0.6 percent in July.<\/p>\n

The pace of monthly declines has been slowing as coronavirus-driven mobility restrictions have lifted across much of the country.<\/p>\n

Prices were up 4.8 percent on September 2019, reflecting the strength of the market ahead of the pandemic.<\/p>\n

Values in the capital cities fell 0.2 percent in September, but were 4.9 percent higher on the year.<\/p>\n

Melbourne was the major loser, with a monthly drop of 0.9 percent as the lockdown curtailed auctions and damaged buyer confidence. Sydney saw values fall 0.3 percent, compared with a 0.5 percent drop in August.<\/p>\n

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