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1.Market Observations, 8.Was Sticky

2 June 2018 (AFR) – Sydney, Melbourne house prices fall in May while Hobart booms

(2 June 2018, AFR, p7, by Su-Lin Tan)

‘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’s latest Hedonic Home Value Index shows. Sydney house prices fell another 0.2 per cent in May, with year to date prices down 4.1 per cent. House prices in Melbourne also fell 0.5 per cent, with year to date price growth subdued at 2.2 per cent. Meanwhile, Hobart’s rising house prices and rents made it the most unaffordable…’

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