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Australia Property
03-04-2018, 10:10 AM,
Post: #741
RE: Australia Property
Property values in Sydney fell for the seventh straight month in March as the once-booming housing market continues to cool.
Prices in the nation’s biggest city declined 0.3 percent last month and are down 2.1 percent from a year earlier, CoreLogic Inc. data released Tuesday show. By contrast prices in Hobart rose 1.7 percent and are up 13 percent on the year.
A combination of tighter mortgage-lending standards, regulatory restrictions on investor loans and affordability constraints are weighing on the Sydney market. While the pace of decline has slowed, few predict a quick rebound.
<SNIP>

-Bloomberg
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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