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Australian home prices fall for sixth straight month
Original: Australian home prices fall for sixth straight month in September, sales tumble
Australian home prices dropped for a sixth consecutive month in September, with property sales tumbling as well. The sustained decline points to mounting pressure on the housing market, with buyers pulling back and values slipping nationwide. The figures come as higher borrowing costs weigh on affordability, raising questions about how far prices will fall and what it means for homeowners.
Why now: Fresh national housing data showing a sixth straight monthly price decline signals a sustained downturn affecting homeowners and buyers.
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Evidence
- Australian home prices fall for sixth straight month in September, sales tumble · Reuters
- Australian home prices fall for sixth straight month in September, sales tumble · WTVB
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