Home / Business and Economy / Aussie Home Prices Cool: Sydney, Melbourne Lead Slowdown
Aussie Home Prices Cool: Sydney, Melbourne Lead Slowdown
2 Jun
Summary
- Australian home prices saw their slowest rise since January 2025.
- Sydney and Melbourne experienced significant price declines.
- Rising borrowing costs impacted demand across all capital cities.
Australian home prices recorded their slowest rate of increase in April since January 2025. This moderation in growth was primarily driven by substantial price drops observed in Sydney and Melbourne.
Across all capital cities, a weaker growth trend was noted in April, according to a report by property consultancy Cotality. The escalating costs of borrowing have significantly dampened buyer demand, contributing to the subdued performance of the housing market nationwide.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
