Early data shows small declines in select Perth suburbs while agents dispute the scale, a test case for what happens when credit tightens in a supply-starved market.
Clearance rates dropped for the third straight week while auction volumes jumped 16%. Either vendors are testing stale price expectations or buyers are about to return.
Eastern suburbs houses are half a million cheaper than last year, but still cost over $5 million. Southwest buyers face rate hikes with barely any relief.
Auction clearance rates are dropping and prices are softening, yet buyers are sitting out, the textbook time to buy is turning into a self-fulfilling freeze.
Greater Brisbane's luxury segment is recording sharp price gains while capital-city markets cool, the question is whether it's migration or local wealth driving it.