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The New Daily

Matthew Elmas

‘Green shoots’: Housing market outlook improves, despite further falls in property prices

Nicola Powell Housing Market Domain CoreLogic Tim Lawless Australia

Property prices fell again over the December quarter but the pace of falls has eased markedly heading into 2023. Photo: TND

The slide in Australian property prices eased sharply over the December quarter, with fresh data revealing capital city house prices fell six times slower than the previous three months.

Combined capital city house prices ended the year $66,000 below their March 2022 peak on average, according to Domain’s latest quarterly property report, published on Wednesday, showing the effects of the RBA’s record interest rate hikes.

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