Australian housing market sentiment ends the year on a very weak note falling to new Survey lows, according to property professionals. Confidence levels (expectations) also drop to below average levels suggesting market momentum will probably fall further.
New research reveals how Australians are weighing up the housing market.
National dwelling values slipped 0.7% lower over the month, led by larger falls in Sydney and Melbourne where the pace of decline has accelerated. Nationally, dwelling values are down 4.2% since peaking in October last year, reducing back to levels last seen in December 2016.
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