House prices fell almost 5 per cent in September quarter: Domain Price Report

The latest report on house prices indicates the cost of buying a home has fallen slightly across the country. But, the latest figures are of little comfort to those who rent or who are homeless.

Australians struggling to break into the property market are set to benefit from a $350 million affordable housing scheme included in the federal budget. Source: AAP / DAN HIMBRECHTS/AAPIMAGE

Key Points

• According to Domain, the cost of buying a house fell 4.9 per cent in the last quarter.
• There is a decrease of around $53,000 across Australia.
• Rents remain high as more landlords turn to short term rentals.

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House prices fell almost 5 per cent in September quarter: Domain Price Report

House prices fell almost 5 per cent in September quarter: Domain Price Report

05:12

More people are caught in the middle - either paying more than they can comfortably afford, or not in housing at all.

Advocates say women fleeing domestic violence are among the most vulnerable.

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