House prices fall in four capital cities as Sydney values drop nearly $50,000 this year

More than half of homes taken to auction not selling while median property price in Adelaide started to slide in June Get our breaking news email, free app or daily news podcast House prices are now falling in four capital cities with the Adelaide market beginning to slide in June, while Sydney values have dropped by $48,000 since the start of the year. Data from Cotality, released on Wednesday, showed Sydney and Melbourne recorded their biggest one-month decline in values since August 2022...

By Luca Ittimani