House values fall ahead of likely RBA rate cut - Sydney Morning Herald

House values fall ahead of likely RBA rate cut Sydney Morning Herald

House values across the nation's capital cities slipped further through the May election period with some parts of Sydney and Melbourne now down more than 14 per cent over the past year. CoreLogic on Monday reported dwelling values across capital cities eased a further 0.4 per cent in May to be down 1.7 per cent over the past three months and by 8.4 per cent over the past year. The 0.4 per cent was the smallest monthly decline in a year. House values in Sydney dropped 0.4 per cent to be 11.6 per cent down since May 2018. Sydney's median house price is now just under $870,000. Dwelling value...