National home prices are losing momentum, new data shows, and anticipated interest rate cuts are unlikely to stop falls in house prices next year.
The house price downturn is gathering momentum in Sydney and Melbourne, CoreLogic data shows.National house prices are losing steam, with four of the eight capitals recording a fall in values in the quarter.
Melbourne, where housing values have fallen over 10 of the past 12 months, recorded a 0.4 per cent fall over the month, taking values 2.3 lower over the past year. "It could be the last monthly increase we see for a while, as economic conditions continue to put a strain on households and buyer demand moves lower," Ms Owen said.
"The clearance rate is also lower, and that's a really good indicator of where the real estate market is at." Brett D'Souza says he "made mistakes" when he tried to sell his home without an agent, but doesn't discourage others from trying.In May 2023, he launched what he dubbed "Australasia's greatest house sale", creating his own marketing campaign through a YouTube series that included comedy stunts and jibes about agents.Asked months later why he made that characterisation, he answers: "The whole 'price it low, watch it go' ethos is a weird thing.
"I think I went over the top with the silliness and the comedy and the filmmaking — 100 per cent," he says.
House Prices Housing Real Estate Corelogic Dwelling Values Property Units Apartments Houses Interest Rates Auction RBA Selling Your Home Without An Agent Selling Your House Without An Agent Real Estate Agent Reserve Bank Economy Business Business News
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