House prices fall in three Aussie capital cities as heat leaves market

have recorded a quarterly decline in home prices amid warnings the national housing sector is cooling.

And other capital cities are feeling the impact of a slowing property market. Price growth in Sydney over the past three months has fallen markedly to 1.1 per cent, a fraction of the 5 per cent quarterly gain the same time last year. The quarterly pace of growth in Perth was tracking at 6.2 per cent, while Adelaide accelerated to 5 per cent, the fastest consecutive three-month pace of growth since May 2022.

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