Property prices are falling as rates rise

A general view of properties on the Gold Coast, Thursday, June 9, 2022. Source: AAP Image/Russell Freeman. Inset:Appu Govindarajan

While cost of living pressures continue to skyrocket, house prices have dropped for the first time in two years. Housing data and analytics firm CoreLogic said home values across the country fell 0.6 per cent in June, led by declines in Australia’s biggest cities, including Sydney. Govindarajan Appu, a columnist on economics, a certified public accountant and associated chartered accountant in Perth, explains more about it. Produced by Renuka

---

Listen to SBS Tamil at 8pm on Mondays, Wednesdays, Fridays and Sundays on SBS Radio 2.

Find your area’s radio frequency by visiting our tune in page.

For listening on DAB+ digital radio, search for ‘SBS Radio’.