Home prices fall as rate cut impact ends

Updated: 05:48, Friday Nov 2, 2012

Perth and Darwin were a usually collateral cities in Australia to record a arise in residence prices in October.

The latest RP Rismark Home Values Index shows residence prices opposite a republic fell in Oct for a initial time in 4 months, as a outcome of a May and Jun executive bank rate drops peter out.

But in Perth, prices were adult by 0.4 per cent, while in Darwin they gained a plain 4.0 per cent.

Hobart had a heaviest fall, losing 4.5 per cent and Adelaide was a next, with a 2.4 per cent fall.

Sydney and Brisbane both available 0.9 per cent cost falls in a month and Melbourne fell 1.1 per cent.

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