Australia Sees Record Drop in House Prices, Regional SA Still Climbing
Domain report shows steepest quarterly fall as RBA rate rise freezes buyer enquiries
Australia's national housing market recorded its steepest quarterly decline on record, falling 4.7 per cent in the three months to September 30, according to the latest Domain property report. Every capital city saw median house prices fall for the first time in 15 years, but some regional markets continue to climb, led by a 19 per cent annual rise in regional South Australia.