Housing prices fall in some major Australian capitals — ABC News Australia
Housing prices are falling in some major Australian capitals, while new building approval data are expected to show a further housing shortage. This was reported by ABC News Australia in its online market report.
Building approvals
ABC News Australia notes that statistics on new building approvals are expected to confirm that the housing shortage persists. The report does not provide quantitative figures on the decline in prices or the number of approvals.
More current news is available on the UA.News Telegram channel Telegram.
Market indicators
ASX 200 index futures indicated a decline of 0.2%, to 9,002 points. US stock indices were also in negative territory: the Dow Jones fell by 0.7%, to 53,185 points; the S&P 500 declined by 0.3%, to 7,686 points; and the Nasdaq fell by 0.1%, to 26,370 points.
Brent crude oil rose by 3%, to $90.75 per barrel. The spot price of gold fell by 0.1%, to $4,448 per ounce, while the Australian dollar stood at 71.64 US cents.
