Australia housing

Sydney and Melbourne again led the monthly decline with falls of 1.4% and 1.1%

Agency finds inflated incomes, misrepresented employment and fabricated business activity were used to support loan applications

[SYDNEY] A fall in home prices is making financial conditions in Australia more restrictive, according to a senior central bank official, helping efforts to reduce aggregate demand and cool the economy.

Houses and apartments across Australia are taking longer to build and becoming more expensive to finish

Prices across the country are down 0.7%, with Sydney leading dips in many major cities

National home value index slips 0.4% from prior month, finds consultancy Cotality

Sydney and Melbourne lead the monthly decline with drops of 1.2% and 1%, respectively

ART and Cbus are heading into the end of their financial year after a strong run in equity markets

This is likely to weigh on the wealth effect that underpins consumer spending