Sydney House Prices Slide Further in April as Rate Rise Looms
- Sydney home prices down 0.2%, Melbourne flat, CoreLogic says
- RBA expected to raise rates for the first time since 2010
Homes stand in the Bella Vista suburb of Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Sydney home prices declined for a third straight month in April, weighing on national property values as buyers hunkered down ahead of expected interest-rate increases.
Sydney recorded a 0.2% drop, while Melbourne was flat, CoreLogic Inc. said in a report Monday. Prices still advanced across the nation’s other major cities, gaining a monthly 0.3%, as these markets tend to lag the two largest ones.