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1.Market Observations, 8.Was Sticky

2 Nov 2018 (TheAge) – Home prices skid, Sydney down most since 1990

(2 November 2018, The Age, Business, p29, Swati Pandey & Kate Ashton)

‘Home prices in Sydney – once the nation’s hottest market – posted their worst annual performance since 1990 in October, dragging down national values and pointing to a further slowdown over coming months in a blow to consumption. Property consultant CoreLogic said on Thursday its index of home prices nationally sank for a 13th straight month in October, leading to an annual fall of 3.5 per cent, the weakest since February 2012. Prices in Sydney tumbled 7.4 per cent from a year ago to clock their largest annual decline since a 7.9 per cent drop in February 1990. Melbourne played catch-up with a 4.7 per cent year-on-year fall last month.’

Read more at TheAge.com.au

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