Perth, Brisbane now the only capitals in positive territory
Higher interest rates, weaker buyer demand and the Federal Budget's property tax changes have accelerated Australia's housing slowdown, with analysts warning the long-running property boom has given way to a broad-based buyers' market.
Regional property markets are among the last holdouts for property price growth in Australia. (Image source: FiledIMAGE/Shutterstock.com)
The enduring property boom that has seen property prices rise 27.1 per cent over five years and 65.6 per cent in ten years is over - at least for now.
The slowdown of the past few months has accelerated, with all capital cities retreating in June.
Only Perth
(0.7 per cent) and Brisbane (0.3 per cent), remain in price growth territory and both of those have slowed rapidly compared to the previous month (from 1.5 and 0.9 per cent respectively).Reg…
