You are here

Australia home prices fall for fifth month in February

Tighter rules on investment lending chills Sydney market

The inexorable rise of prices in Australia's major cities has put homes out of reach for many first-time buyers.


HOME prices across Australia's major cities fell for a fifth straight month in February as tighter rules on investment lending chilled the once red-hot Sydney market, a relief to regulators but a weight on consumer spending power.

Property consultant CoreLogic said on...