SYDNEY: Australian house prices declined for the first time in 22 months in December as buyers increasingly found themselves priced out of the market, while the supply of properties increased.
The Home Value Index for major cities slid 0.2% for its first fall since February 2023, property consultancy CoreLogic Inc said yesterday. Melbourne and Sydney, the two biggest markets, led the declines with drops of 0.7% and 0.6%, respectively.
