First-home buyers could finally catch a break, with new figures revealing dozens of suburbs where property prices are falling – even as the broader market continues to climb.
The surprise “discount suburbs” emerge just as the federal government rolls out its 5 per cent First Home Guarantee scheme, offering the chance for buyers to stack market dips with extra savings.
While national home prices have recorded their ninth consecutive month of growth, adding a significant $54,100 to the median property value according to the REA Group’s latest Home Price Index , a different story is unfolding in nearly a thousand suburbs across Australia.
New data from PropTrack reveals that a staggering 938 suburbs across all states and territories experienced a decline in either house or unit values ov