Article 64BGP House prices fall as Sydney owners make loss on resales to escape high interest rates

House prices fall as Sydney owners make loss on resales to escape high interest rates

by
Caitlin Cassidy
from World news | The Guardian on (#64BGP)

Values across Australia's capitals decline for fifth consecutive month - with only Darwin bucking trend

Australian house prices are continuing to fall as property owners in Sydney make a loss on resales in order to escape high interest rates, new data has shown.

Property prices fell a further 1.4% in September. It is the fifth consecutive month values have fallen - in all capital cities except Darwin - after six months of rate hikes.

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