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Changing of the guard with rise of the smaller markets

Two of biggest stars of the show over the past couple of years have been the Sydney and Melbourne property markets but the tide has finally turned.

Night scene of tranquil quay waters and Perth buildings lit up at night.
Many Perth suburbs are recording monthly price gains that until recently would have been welcomed as annual gains.

Two of biggest stars of the show over the past couple of years have been the Sydney and Melbourne property markets but the tide has finally turned.

As housing growth rates around the country ease off significantly in most markets, the smaller capital cities and the regions are still offering solid monthly and quarterly growth.

But Sydney and Melbourne were the only markets to 31 March to have recorded a monthly fall in prices.

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