09 360 4777
Call Now

Your specialist mover to Australia

Enter your details below for a Free Quote!

Please choose an option

Please choose option

Tell us about your move

Please choose an option

Please choose location

Please choose departure region

Please choose location

Please choose location

Please choose location

Please choose location

Please enter your first name

Please enter your last name

Please give us a contact number

Please enter a valid email address

Tick the box

IT’S been a while, but house prices are on their way down again after big falls in Sydney and other areas.

TUMBLING house prices in Sydney and Melbourne are the main drivers behind the first annual drop in national property prices in six years, a new report shows.

The national median house price fell 1.0 per cent over the June quarter and year, according to a report by property classifieds group Domain released on Thursday.

It is the first time values have fallen on an annual basis since June 2012.

The negative national growth rate reflects weakening house prices in Sydney and Melbourne, which together represent about two thirds of Australia’s housing market by value.

Sydney house prices fell by 4.5 per cent in the 12 months to the end of June for their largest annual drop since 2008.

Sydney units also fell by 3.5 per cent over the same period.

The figures chime with those released this week by property data firm CoreLogic, which said overall Sydney prices fell 5.0 per cent in the 12 months to July 22.

“House and unit prices in Sydney are now back to values seen at the end of 2016,” Domain property analyst Nicola Powell told AAP.

Tighter credit availability and a high number of units being built are key factors behind the dive, Dr Powell said.

“With more choice and less urgency, there are fewer active buyers in the market, and those who are in the market are being restricted by tightening lending standards and the availability of credit.”

Lending standards have come under fire at the ongoing banking royal commission, leading many institutions to increase scrutiny of borrowers’ income and expenses — particularly in Sydney and Melbourne, which have high home price to income ratios.

Hobart, meanwhile, delivered the strongest annual house price growth of all capital cities at 15.9 per cent, continuing its trend of double-digit annual growth that started in early 2017.

“We’re seeing a lot of capital from Melbourne and Sydney flow into Hobart … as it offers relative affordability,” Dr Powell said.


National — down 1 per cent
Adelaide — up 3.1 per cent
Brisbane — up 2 per cent
Canberra — up 6.2 per cent
Darwin — down 11.8 per cent
Hobart — up 15.9 per cent
Melbourne — up 0.5 per cent
Perth — down 1 per cent
Sydney — down 4.5 per cent


National — down 1 per cent
Adelaide — up 0.9 per cent
Brisbane — down 6.4 per cent
Canberra — down 2.1 per cent
Darwin — down 17.2 per cent
Hobart — up 22.6 per cent
Melbourne — up 0.9 per cent
Perth — up 1.7 per cent
Sydney — down 3.5 per cent

Article: https://www.news.com.au/finance/house-prices-drop-in-sydney-as-melbourne-prices-stall/news-story/5dfee82d7d18f97413b5a5c6884824fe

Our Fixed Price Guarantee:

Our Fixed Price Guarantee:

Unlike many other movers, we will provide you with a fixed quote based on your specific list of items.

Should you wish to add or remove any items, we will adjust our fixed quote accordingly. Hence, no nasty surprises at the end of the move process.

Our Service Promise:

Our Service Promise:

  • We will listen to your individual needs and requirements.
  • We will provide a prompt, competitive quote with in one working day.
  • We will provide you with the highest level of service.
Free In-Home Consultation:

Free In-Home Consultation:

If you are moving the majority of your household items from New Zealand to Australia, one of Ausmoves experienced relocation consultants will visit your home to establish your specific packing requirements and any unique moving needs. Learn more about moving to Australia from NZ.

Go to Top