Housing prices fell by 0.1% in December but dip likely to be ‘shallow and short-lived’, according to CoreLogic
Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcastAustralia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values, but the dip is likely to be “shallow and short-lived”, a new report has found.
In December, Australia’s property market eased with home values falling 0.1% after a flat result in November and a gradual slowdown over last year, according to CoreLogic.
Sign up for Guardian Australia’s breaking news email
Continue reading…Inequality, Housing, Australia news, Interest rates, Reserve Bank of AustraliaRead More
You might also be interested in reading Shanghai Man: $130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission.