Melbourne, Sydney put brakes on national property price growth
Perth and Brisbane are powering on but Melbourne and Sydney are putting a handbrake on national property prices that have reached record levels but are showing signs of slowing.
The heat has gone from the Melbourne property market, with investor interest in the city dampening. (Image source: Shutterstock.com)
Melbourne’s property market has gone backwards, Sydney’s has slowed and the three smaller mainland capitals continue to power price growth nationally.
The latest CoreLogic national Home Value Index (HVI) released Friday (30 November) offer the first genuine hint that the heat may be coming out of the housing market’s latest burst of capital growth.
The HVI increase of 0.6 per cent in November was the smallest monthly gain since the growth cycle…
