State by state: An April update on Australia’s property markets

PHOTO: Property Markets

Home values across Australia’s largest capital cities have been falling since they peaked in late-2017.

National dwelling values fell for the 17th consecutive month in March 2019, however, there was a moderation of the rate of decline in house prices, the -0.6% monthly fall was the smallest since October 2018.

However, it looks like this will be the biggest and longest national decline in home values for almost 40 years (or since records began in 1980).

Consumers have lost confidence.

First buyers went on strike, now sellers are holding back unless they really have to sell.

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