Australian home prices have fallen nationally for the first time in at least 20 months, according to two leading monthly indices.Both show Sydney, Melbourne and Canberra led the fallsBoth indices — from CoreLogic and REA's PropTrack — put the national monthly fall at around 0.1 per cent.
CoreLogic reported much bigger home-price falls for Sydney and Melbourne , dragging down the national average, while PropTrack estimated both cities eased 0.3 per cent.The rival data providers also found that price growth remained highest in Adelaide, Brisbane and some regional areas. Natasha Di Sano says moving her family of five, and their dog Akira, further out of Sydney has allowed them to build a better way of life."It was for us to build a better life for both my husband and myself and our three children, to give them more of an opportunity to be on bigger land, to feel free to be themselves, as well as give us the opportunity to just live a different lifestyle, not so much of the fast pace.
The Di Sano family's new home sits on 20 times as much land as their former house, with a mortgage that’s about the same amount.
It’s not a two speed market, it’s a ripple effect, Syd and Mel are just starting, others will follow.