Domain: House prices falling everywhere but Melb, Hobart
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Domain has released its March quarter house price report and Sydney’s house prices fell -1.5% on the quarter. They are now down -4.6% over two quarters:
Canberra house prices fell by -1.4%, Perth prices -1.3% to $579,914, Adelaide -0.5%, Brisbane -0.05% and Darwin crashed -4.9%.
Hobart and Melbourne are now the bubble capitals with the former up 4.3% and the latter 1.2%.
Unit prices are now falling everywhere:
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.