Jul

Australia House Prices Fall the Most in 7 Years

Dwelling values down 0.6% in July, led by Sydney and Melbourne
Decline set to continue amid lending curbs, investor retreat

Australia’s property slump deepened in July, with housing prices falling the most in almost seven years.

National dwelling values dropped 0.6 percent last month — the biggest fall since September 2011 — as declines in Sydney and Melbourne accelerated, according to CoreLogic Inc. data released Wednesday. Prices have now fallen for 10 straight months due to a combination of lending curbs, stretched affordability and reduced investor demand…

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Australia House Prices Fall the Most in 7 Years

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