House Prices Have Fallen For Eleven Months In A Row

Likely to fall more!

House Prices Have Fallen For Eleven Months In A Row Pexels

House prices have slipped for the eleventh month in a row in August – and it’s likely they’ll fall more.

Prices in Melbourne fell by 0.6 per cent in August – meaning they are down 1.7 per cent for the year.

In Sydney, prices slipped 0.3 per cent in the month – down a whipping 5.6 per cent for the year 

"Weaker housing market conditions can be tied back to a variety of factors, foremost of which is the tighter credit environment which has slowed market activity, especially amongst investors," CoreLogic head of research, Tim Lawless told The Sydney Morning Herald.

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