House price slow down 'healthy': treasurer

Treasurer Josh Frydenberg says house prices are returning to a more sustainable level, after data showed they have fallen for 12 months straight.

1 min read

Published 3 October 2018 12:26pm

Updated 3 October 2018 3:35pm

Presented by Tinrawat Banyat

Source: AAP, SBS World News

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Weaker house prices in Sydney and Melbourne are "healthy for the economy", Treasurer Josh Frydenberg says.

House prices have fallen 2.7 per cent nationally since peaking 12 months ago, new data has revealed.