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The Guardian - AU

National

Luca Ittimani

House prices slide across Australia as Middle East conflict and tax changes begin to bite

United States Australia Michele Bullock Brisbane Adelaide Cotality Perth RBA

Homes are seen in the suburb of Kelvin Grove in Brisbane — Brisbane’s median price has fallen about $8,000 since May, bringing an end to a historic 40-month incline. Photograph: Darren England/AAP

House prices have fallen in Brisbane, Adelaide and Perth as the market downturn spreads across Australia.

New Cotality data, released on Monday, showed prices have fallen across most of the nation since May.

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