House prices fall in Brisbane, Adelaide as downturn spreads | ABC NEWS

The downturn in the national housing market is no longer confined to Sydney and Melbourne, with Brisbane and Adelaide recording declines in property prices in July.
Analysts say three consecutive RBA interest rate hikes and government tax changes have triggered the weakness in the property market.
The latest figures from property data firm Cotality show national property prices in July fell 0.7 per cent, making it the largest single monthly decline in value since December 2022.

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