Published: September 18, 2018
House prices in capital cities declined on an annual basis for the first time since 2012
House prices in capital cities have fallen on an annual basis for the first time since 2012, with the the total value of Australia’s 10 million residential properties falling by $13.3bn in the three months to the end of June.
Capital city house prices fell 0.7% nationally in the three months to June, according to the latest Australian Bureau of Statistics’ residential property price index, which was released on Tuesday.
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