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Feb

29

Sydney Median Home Price Falls to 10-Month Low as Market Slows

By Tony Seruga

Median home price in the city drops for third-straight month
Sydney decline outstrips slide in Melbourne, other cities

The Sydney median home price dropped to a 10-month low in February after record values and a regulatory clampdown that tightened lending standards crimped demand.

The median dwelling value in Australia’s largest city fell to A$730,000 ($522,000) from A$765,000 a month earlier, falling for a third consecutive month, data from researcher CoreLogic Inc. showed Tuesday. The measure touched a record A$800,000 in October, according to the data…

Sydney Median Home Price Falls to 10-Month Low as Market Slows

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