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5.2

Australian capital city home prices dip below $1m as demand weakens

Australian capital city median home prices fell to $990,394 by end of August, slipping below the $1m threshold first crossed in October, as rising interest rates and weak confidence suppress buyer demand. Cotality data indicates a buyers market, with Perth prices also declining. This signals continued housing market softening, potentially impacting consumer wealth and spending.

Guardian Worldabout 22 hours agoAUengCredibility 33%View source

Score Breakdown

Mosaic Score5.2
Confidence0.7
Significance0.5
Source credibility0.3

Intelligence Tags

#australia#housing#property#interest-rates#prices

Locations

Perth

Entities

country
Source

Related signals

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