Three cities go backwards as national property price momentum eases
Three cities are booming and three are going backwards as overall momentum in the property market eases and inflation presents as a wildcard.
Capital cities have continued to outperform regional property markets around Australia. (Image source: Shutterstock.com)
A shortage of properties on the market is fuelling the fast-track capitals, while real estate prices in three cities trapped in the slow land have gone backwards.
Melbourne, Hobart and Darwin are back in the red, slipping 0.4, 0.5 and 0.2 per cent respectively, according to the July Home Value Index (HVI) published by CoreLogic.
This was in stark contrast to three usual suspects, Perth, Adelaide and Brisbane. These red hot property markets cont…
