No longer any state capitals with a growing property market
The pace of decline across the national property market has slowed but areas of growth are now limited to individual suburbs within the state capitals, all of which saw real estate prices fall overall in September.
Rents are rising and property prices slipping throughout Australia. (Image source: Shutterstock.com)
The national hit to property prices across Australia’s state capitals is now complete, with Adelaide and Perth joining the ranks of those in decline.
The previous outliers have slipped into negative territory, with Adelaide housing values easing back by 0.2 per cent and Perth by 0.4 per cent in September.
Nationally, after rising 25.5 per cent over the recent growth cycle, housing values across the combined capitals index are now 5.5 per cent b…
