Melbourne has overtaken Sydney as the nation's worst-performing housing market, and suffered its first annual price drop in almost six years.
Tasmanian councils approved 235 new dwellings in June as the outlook for the building sector continued to firm.
Tumbling house prices in Sydney and Melbourne are the main drivers behind the first annual drop in national property prices in six years, a new report shows.
Residential property prices fell 0.7% in the March quarter 2018, according to the latest figures released by the Australian Bureau of Statistics (ABS).
House prices in Sydney and Melbourne fell in May while Hobart defied the national downward trend, putting further pressure on home buyers and tenants, Corelogic…
Hobart has pipped Sydney to claim the unenviable title of Australia's most unaffordable capital for tenants with the gap widening between incomes and the amount…
Hobart has long been Australia’s cheapest capital city housing market with values sitting well below the levels seen in the mainland capitals. However, that co…
Apartment owners have been spared the worst of the falls in Sydney, Melbourne and Adelaide, the three overall weakest capital city markets this year.
Home prices across Australia’s state capitals were flat last week in average weighted terms.