Top-end markets bear the brunt

Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 31 : 2-Oct-18

CoreLogic’s latest data indicate that there is greater resilience in the more affordable segments of Australia’s residential property market. House prices in the bottom quarter of the Melbourne market rose by 4.1 per cent year-on-year, while they fell by just 3.3 per cent in Sydney’s bottom quartile. However, prices in Sydney and Melbourne’s top quartiles fell by 8.4 per cent and 6.7 per cent respectively. Tim Lawless of Corelogic says demand is becoming focused on the more affordable housing segments as banks become more cautious about borrowers taking on too much debt.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, CAPITAL ECONOMICS LIMITED, RAY WHITE REAL ESTATE

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