Australian house prices fall seven months in a row but pace of decline slows

National house prices have fallen in November but the pace of decline has slowed as low stock levels persist and buyers push ahead with purchasing despite rising interest rates.

Property data firm CoreLogic said home values across the country fell a further 1 per cent in November from a month earlier, with the median home price now at $714,475.

Brisbane and Hobart led the falls (-2 per cent), followed by Sydney (-1.3 per cent), Canberra (-1.2 per cent), Melbourne (-0.8 per cent) and Adelaide (-0.3 per cent).

Perth was flat, while Darwin values rose 0.2 per cent.

Read More: https://www.abc.net.au/news/2022-12-01/brt-corelogic-house-prices/101713672