House prices down in all capitals for first time since 2011: Domain | ABC NEWS
Home values have declined in all capital cities for the first time in 15 years, according to the latest quarterly report from property data firm Domain.
Finance Minister Katy Gallagher has attributed the property downturn to many factors including rising interest rates.
Domain’s Nicola Powell says structural changes, consecutive rate hikes and cost-of-living pressures have weakened confidence among both buyers and sellers.
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