Property Market Easing With Falls Across Four Capitals

Prospective buyers attend an auction of a residential property in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images

Australia’s housing market is no longer galloping at full tilt in welcome news for home buyers.

Property data firm CoreLogic recorded a 0.3 percent lift in the national home value index, the same result as the three months prior but with falls recorded across four capital cities.