Aussie home prices 'hitting a wall'
Tentative sign of cooling as property consultant's index of home prices for major cities increases just 0.1% in August from July when it surged 1.5%
Sydney
HOME prices in Australia's major cities rose only marginally in August as Sydney's blistering run stalled, a tentative sign of cooling that would be a relief to regulators seeking to head off a debt-driven bubble.
Property consultant CoreLogic said that its index of home prices for the combined capital cities rose just 0.1 per cent in August from July, when it surged 1.5 per cent. The index had also been updated using a new hedonic index methodology, CoreLogic said. Annual growth in prices slowed to 9.7 per cent, from 10.5 per cent in July.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co