RP Data today released figures that show the first month-on-month fall in capital city dwelling values since May.
The research house said investors could expect its October figures released today to demonstrate a 1% fall in capital city values during the month, reversing a 3.1% gain recorded between June and September.
RP Data said Adelaide and Melbourne showed the largest month-on-month falls across the major capital cities during October, with values down 2.1% and 1.6% respectively.
The latest figures show the market is still 'delicately balanced', according to RP Data, which called on the Reserve Bank to keep this in mind when it met to consider a further rate cut on Melbourne Cup day.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out