Urgent.News

What's breaking now, across thousands of outlets.

More in Business

Australian home values decline sharply in August

Australia’s house price correction steepened in August. According to Cotality’s daily dwelling values index, which tracks value changes across Australia’s five major capital city markets, home prices…

  • Australian home values fell 1.2% in August across Sydney, Melbourne, Brisbane, Adelaide, and Perth.
  • Quarter decline reached 3.0% for the five major cities, with Sydney and Melbourne leading the drop.
  • Higher interest rates and government tax changes could deepen the housing market correction.

More from Sunday 30 August →