Australia news live: housing market slows but rents surge; Penny Wong hails South Korea energy pact

The Guardian World ·

Australia news live: housing market slows but rents surge; Penny Wong hails South Korea energy pact

House price growth slows as buyers stick to cheaper homes Australia’s housing market is growing at its slowest rate for almost 18 months as buyers stick to cheaper properties and abandon interest in …

House price growth slows as buyers stick to cheaper homes Australia’s housing market is growing at its slowest rate for almost 18 months as buyers stick to cheaper properties and abandon interest in the top end of the market. Figures today from the data firm Cotality show Melbourne and Sydney house prices fell 0.6% in April. Melbourne’s home values have now fallen 1.9% since November, with Sydney’s down 1%. …

Original source: The Guardian World