The Residex house and unit price results for January have been released, which revealed falling prices over the month at the national level, as well as across Sydney and Melbourne:
However, over the year to January, house prices nationally rose by 4.9%, led by Hobart (+7.8%), Melbourne (+5.9%), and Sydney (+4.6%), whereas values continued to decline across the mining strongholds of Perth (-3.6%) and the NT (-5.7%).
