Original article by Samantha Hutchinson
The Australian – Page: 2 : 23-Mar-16

Data from the Australian Bureau of Statistics shows that there was a 1.6 per cent decline in Sydney house prices during the December 2015 quarter. Darwin was the only other capital city to record a decline in house prices, while Hobart posted the highest growth in prices, at 2.8 per cent. Housing industry executives have identified various factors as possible causes for slowing house price growth, including new restrictions on lending to property investors and a surge in house construction activity.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIAN POPULATION RESEARCH INSTITUTE