With the housing market weakening over the past few years, most capital cities have experienced dwelling value falls with a more significant correction experienced in Sydney, Melbourne, Perth and Darwin.
The price of land for new residential building has risen as demand falls away, according to the March 2019 edition of the HIA-CoreLogic Residential Land Report.
Hobart and Adelaide resist downward property price trend
While property prices fall across Australia, Adelaide and Hobart are the two cities bucking the trend according to data from the Real Estate Institute of Australia (REIA).
The banking royal commission may be over but its effects on home lending persist, and so is the credit squeeze according to new figures from the Australian Bureau of Statistics.
