From the AFR:
Sydney house prices are in for a bigger slowdown than Melbourne as both settle into a year of 5 per cent growth, property valuer Propell says.
The modest pace of growth that Propell predicts in its September residential report for the next 12 months is less than a third of the 18.6 per cent rise in values have enjoyed over the past year.
While demand remains strong, the slowdown is a reflection of the affordability problem of prices that have risen beyond the reach of many would-be buyers, said Propell head of research Linda Phillips.
Until the shock.