The national property boom is over
National property prices are now almost flatlining, with the pace of growth slowing in the strongest markets and going backwards in Sydney and Melbourne.
Melbourne's property price decline ramped up even further in November. (Image source: Shutterstock.com)
The property boom that has been underway in Australia for two years is all but over.
In the weakest result since January 2023, dwelling values on a national basis eked out a 0.1 per cent gain in November.
The latest CoreLogic Home Value Index (HVI) reaffirmed the downward trend in property prices around the country.
The three cities that have been the powerhouse of capital growth – Perth, Adelaide and Brisbane – are still generating reasonably…
