A housing market correction is broadening across Brisbane, Melbourne, and Sydney, with prices falling more than 1% per month.
3 reports, 3 independent
Updated Aug 31
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What happened
A housing market correction is broadening across Brisbane, Melbourne, and Sydney, with prices falling more than 1% per month.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Declining auction clearance rates reported across Melbourne and Brisbane.1 source
Housing prices are falling rapidly (over 1% monthly) as the market correction broadens across the three capitals.1 source
Keep exploring
Part of
RBA rate hikes drive Australian housing market divergenceAlso in this story
- Cotality reports significant value downgrades in the Brisbane and Perth property markets.
- Melbourne and Brisbane housing markets report a significant quarterly slump and low auction clearance rates.
- Domain tracks Australian property prices as Angus Taylor voices concerns over a housing market downturn following RBA rate hikes.
- The local market in Enmore reflects broader trends in Sydney, with market data published by the real estate website Domain.
The entities involved
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Brisbane
capital city of Queensland, Australia
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Melbourne
capital city of Victoria, Australia
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Sydney
capital city of New South Wales, Australia
Related events
- Housing market correction affects capital cities, with auctioneers using social media for expert commentary.
- The RBA has raised the cash rate, impacting the property markets in major Australian cities including Brisbane, Sydney, Melbourne, and Perth.
- Market trends are being discussed, comparing the greater Melbourne market to other cities, including the specific focus on Carlton.
- Jess Wilson leads the opposition in Melbourne regarding policy changes affecting housing costs.