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THE lower North Shore was the weakest region for residential house prices over the past year, with a 12.7 per cent fall to a $1.1 million median sales price. The second weakest district was Sydney's east, where prices fell 6.8 per cent, to $1.01 million, according to Australian Property Monitors.
House prices fell just 1.2 per cent in the inner west, and the decline in the long-ailing west and south-west was less than the overall Sydney decline of 3.1 per cent in the past year.
Sydney's median house price is now 6.5 per cent below its peak of $568,500, in March 2004.
The price collapse was not as steep or as deep as in Perth, where prices have fallen 7.4 per cent from the peak of $516,000 last December, APM said.
The median house price in Sydney, $531,500, remains the country's highest, followed by the price in Canberra, $498,000.
While the softening in median prices may be distorted by the large drop in sales activity, real estate agents have been increasingly advising vendors to price listings below recent comparable sales if they wish to secure a sale in the remaining spring market.
In the September quarter the price of houses in Sydney fell 1.7 per cent.
LARGER homes in some of Melbourne's more affluent suburbs are taking the brunt of the global financial crisis and a slowdown in the Australian economy.
Figures from the Real Estate Institute of Victoria show that Melbourne's inner-east is the most heavily punished region, with prices for four-bedroom houses falling four times more than the Melbourne median for the September quarter.
At auctions across tree-lined streets in Toorak, Brighton and Kew, bidders are keeping hands in pockets, with auctioneers forced to pass in homes and hope. "I would say there has been a 10% to 15% fall," said local agent Richard Mackinnon, from Bennison Mackinnon, referring to those suburbs. In the September quarter, the median house price for metropolitan Melbourne fell to $435,000 from $450,000, a loss of 3.3%.
He said some of the better suburbs suffered a 10% decline, helped by a lack of supply. But he said as yet there had been few forced sales in Melbourne's most exclusive suburbs despite the financial crisis wiping out end-of-year bonuses and a jump in retrenchment of executive employees. "What will probably go, in terms of forced sales, will be the beach homes and hobby farms in places like Portsea and Sorrento — it's the toys that usually go first."
Four-bedroom homes in the inner east, which includes suburbs such as Kew, Camberwell, Canterbury, Richmond and Hawthorn, posted a 13.2% fall in the September quarter.
Three-bedroom inner-east houses have also faired badly, tripling the city median with a drop of 9.9%.
It was a similar case for three-bedroom homes in the inner-south where homes across St Kilda East, Prahran, Caulfield North and Armadale have slipped for the three months to September by 12%.
REIV figures reveal that four-bedroom homes in Melbourne's inner-east have recorded the largest falls over the past 12 months, dropping 15% since September 2007.
Meanwhile, first home buyers seeking cheaper accommodation have helped hold up demand for two and three-bedroom homes in the inner city, as well as a ring of outlying suburbs circling the capital to the west, north and east.
REIV chief executive Enzo Raimondo said: "It showed that people who were looking to sell their home will still see good demand, particularly in the more affordable segments as Melbourne was experiencing ongoing strong population increases and there are very few vacant rental homes."
Regions that performed better than the 3.3% drop across Melbourne (reflecting strong demand) included inner-city two-bedroom homes with a fall of 2.1%, three-bedroom homes in the outer east (-1.9%) and three-bedroom houses in the west (-0.7%).
[ 本帖最后由 一炷香 于 2008-11-12 14:07 编辑 ]作者: 神仙老虎狗 时间: 2008-11-11 09:42
痛苦啊,呵呵:si84作者: binw 时间: 2008-11-11 11:25 . I'm living in lower north shore. But the good news is that my suburb Gladesville, 6mths to Sep 08, median house price increased 1% (http://www.homepriceguide.com.au/snapshot/) 作者: shangpin 时间: 2008-11-11 11:46
还是刚刚开始......