Australian house prices snap declines as Sydney market surges

Australian house prices snap declines as Sydney market surges
The rebound after nine months of large declines has been surprising, say commentators. (Image: Getty)
Bloomberg
By Swati PandeyAustralian house prices snapped 10 months of declines in March, led by a surge in the bellwether Sydney market in a positive sign for the economy after the central bank’s almost yearlong policy tightening cycle. Prices in Sydney jumped 1.4%, followed by Melbourne and Perth, resulting in a 0.8% increase for Australia’s major cities, data from property consultancy CoreLogic showed on Monday. Still, Sydney property values have fallen 12.1% over the past year.“The U-turn in home prices after nine months of larg...

More Property

Southbase Construction targets North Island growth
Infrastructure

Southbase Construction targets North Island growth

Set up after the quakes, the Christchurch firm is rapidly scaling up in the North Island.

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Maria Slade 03 Apr 2025
Fletcher Building’s Clever Core prefab house-building factory to shut
Property

Fletcher Building’s Clever Core prefab house-building factory to shut

Fletcher Building’s much-vaunted Clever Core prefab house-building factory at Wiri in South Auckland will close next year and be replaced by a PlaceMakers frame and truss plant.A spokeswoman said Clever Core had not worked out and would close by June 30.“Fletcher Building has mad...

Staff reporters 31 Mar 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025