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Australia’s Home Value Downturn Continues to Ease in November

Started by Epoch-Times-Bot, Dec 01, 2022, 09:18 PM

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Epoch-Times-Bot

Dec 01, 2022, 09:18 PM
Australia's Home Value Downturn Continues to Ease in November

Australia continued to see a downward trend in home values in November, but the pace of decline also slowed down, with the smallest monthly drop recorded since June.
According to the latest home value index from real estate data provider CoreLogic, house prices across Australia fell by one percent on average in November, down from the 1.2 percent decline in October and the 1.4 percent decrease in September.
Among the capital cities, Sydney and Melbourne saw the lowest drop in home values.
Specifically, while Sydney’s house prices slipped by 1.3 percent in November, Melbourne’s only dropped by 0.8 percent.
In contrast, Brisbane and Hobart experienced the most substantial decline at two percent during the month, while Perth’s home values remained unchanged....

Source: Australia's Home Value Downturn Continues to Ease in November

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