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Property prices keep tumbling with no end in sight

The scope of Australia’s housing downturn broadened through October, with every capital city and region (except one) recording a drop in housing values last month.

Aerial view of a typical leafy suburb in Australia
Real estate values are now in decline in every Australian capital city. (Image source: Shutterstock.com)

Unless your property is in regional South Australia, the likelihood is that it dropped in price over the last month.

Every other capital city and regional property market dropped in value over the past month, as national dwelling values fell a further 1.2 per cent in October.

Brisbane, not so long ago the shining light of the national real estate market, took the biggest fall among both capital city and regional markets, shedding 2 per cent. Sy…

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