CoreLogic has reported that Australia’s national property price rose 0.7% in March, compared to 0.6% in February, but the trend seems to be that the market is slowing.
Sydney recorded negative growth for the second consecutive month, while Melbourne recorded its first month of negative growth in this cycle.
CoreLogic’s research director, Tim Lawless, said virtually every capital city and major rest-of-state region experienced its peak growth rate either last year or earlier this year.
That said, slower growth is still growth. Australia’s national property price has now increased for 18 consecutive months. Values are continuing to rise in most places – just not at the same unsustainable pace as last year. #property #realestate #homeloans