Property prices are falling as rates rise

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

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

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