Property Prices May Tumble Down in Sydney and Melbourne
An article on the website The Adviser talks about the fall in property prices in Sydney and Melbourne. Property value in Sydney fell by 1.5% over the course of last month and 1.4% over the last quarter. Prices in Melbourne, over the same time frame, has fallen by 3.6% and 0.4%.
Experts are putting it down to affordability and tighter lending rules. It is worth noting that not only has the owner-occupier segment suffered but the investor activity has also grossly dropped.
You can read the original article here.