http://www.smh.com.au/articles/2004/05/26/1085461837869.html
House prices have been falling across Australia in the first three months of the year.
Australian Property Monitors figures published yesterday showed the median Sydney house price slipped 7.5 per cent from $497,500 to $460,000 in the March quarter.
In Melbourne, they slumped 12.9 per cent from $310,000 to $270,000.
More modest falls were seen in Brisbane and the Gold Coast, while prices in Perth and Canberra were flat. Home values managed to rise in Adelaide and Darwin during the quarter.
Home unit prices dropped by 4.5 per cent in Sydney’s central business district, from $430,000 to $410,000, and by 2.7 per cent in the metropolitan area as a whole.
Corresponding falls in Melbourne were 7.5 per cent and 8.7 per cent.
[cigar]
We are all made from Stars
You must be logged in to reply to this topic. If you don't have an account, you can register here.
