Original article by Michael Bleby
The Australian Financial Review – Page: 32 : 22-Jun-16

Residential property prices in Australia’s eight capital cities fell by 0.2 in the March 2016 quarter, according to new data from the Australian Bureau of Statistics. The index of dwelling values had not fallen since the September 2014 quarter. There was an 0.8 per cent decline in the value of attached dwellings compared with the December 2015 quarter, including a fall of 0.6 per cent in Sydney. Paul Bloxham of HSBC expects a sharp fall in house price growth in both Sydney and Melbourne in the near-term.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, HSBC AUSTRALIA HOLDINGS PTY LTD, BELLE PROPERTY PTY LTD, SAVILLS CORDEAU MARSHALL