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The days of property ‘super-cycle’ could be over
THREE decades of home prices outpacing incomes could be over as Australia’s housing market downturn widens. The market recorded the largest single-month decline in home values in almost four years in July, data released by property analysis firm Cotality shows. Australia’s two largest markets led a nationwide drop, with Sydney and Melbourne house prices falling by 1.4 per cent and 1.2 per cent respectively. Values were down 0.9 per cent across the capital cities and 0.7 per cent nationwide, the largest single-month drop since December 2022. Overall, home values a
