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Sydney November home prices drop the most since 2010

Regulatory crackdown forcing banks to tighten lending and increase mortgage rates

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Published Wed, Dec 2, 2015 · 09:50 PM

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    Sydney

    HOME prices in Sydney fell the most in five years in November as a regulatory crackdown forces banks to tighten lending and increase mortgage rates.

    Dwelling values in Australia's largest city dropped 1.4 per cent from a month earlier, data from property researcher CoreLogic showed on Tuesday. That was the biggest drop since December 2010 and the first decline since May.

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