From www.domain.com.au: Combined capital house and unit prices in Australia continued to rise, achieving record highs for both categories, although growth rates have significantly slowed.

Sydney, Brisbane, Adelaide, and Perth experienced peak prices, but the growth of house prices in Sydney and Perth halved compared to the previous quarter, while other cities like Melbourne saw price declines.

Affordability issues and a growing supply have led to a cooling market, shifting toward conditions more favorable for buyers.