A report from Canadian Live News. "Vancouver condo prices continue to be the highest in Canada despite decreases over the last year, according to a nationwide study by realtor Century 21. That’s not surprising, but the price-per-square-foot calculations Century 21 cited in its press release sit higher than what some other realtors are starting to discuss in a fast-changing market."

"Century 21’s annual price-per-square-foot survey pegs downtown Vancouver condos as some of the most expensive properties in the country at $1,345 per square foot. The firm clarifies this number is based on prices between Jan. 1 and June 30 of this year, so it can compare with last year’s report, meaning 'price changes since then are not reflected.'"

"Other realtors like Ian Watt of Sutton Group West Coast Realty in Vancouver are focused on the change in more recent price-per-square-foot numbers as well as other indicators."

"Looking at October figures crunched by SnapStats, Watt said median prices for downtown Vancouver condos 'decreased 11 per cent from September 2018 and 21 per cent from the peak of the market in January 2018. The dollar per square foot also decreased from $1,043 (in September) to $979 (in October), which is a six-per-cent drop.'"

''There were 143 sales (six per day) in downtown Vancouver in October, which was up 13 per cent from the previous month, but down 33 per cent from October 2017, and the units that are being sold are selling five per cent off the asking price,' Watt said."

"Vancouver realtor Steve Saretsky writes in his October report to clients that Vancouver condo sales fell '28 per cent year-on-year to their lowest total since October 2012' and because of this, 'listings are beginning to stagnate. This has allowed inventory to build rather quickly, jumping 70 per cent from the same month last year.'"

"Watt agreed that inventory is growing steadily. Active listings for downtown Vancouver condos in October, at 836, were up 11 per cent from the month before and up 93 per cent from a year before when there were 433."

"'Whenever you read these press releases made by real estate companies or real estate boards, please keep in mind what businesses they are in,' said Watt. 'The more attractive they spin the statistics, the more money they can make.'"

"Watt predicts that by March 2019, 'we will have well over 1,000 active listings' in the downtown Vancouver condo market or, in other words, 'a lot of inventory creating further downward pressure on pricing.'"

From Domain News in Australia. "Property market watchers warned that Sydney was in a 'two-speed market' at the weekend as vendors in the outer-western suburbs struggled to find buyers. On Saturday, Domain data revealed a weekend auction clearance rate of 44 per cent from 334 reported auctions."

"It was the fourth consecutive week the rate was below 50 per cent. More vendors were also not proceeding with booked auctions, with 170 properties out of a total auction list of 643 homes on Saturday withdrawn."

"The Property Sellers widely promoted the $1.25 million guide price of a renovated art-deco home with two bedrooms in Marrickville, but the property received no bids at auction. Selling agent Jonathan Ford said his agency had been 'really transparent' about the expectations for 38 Despointes Street, but potential buyers held back."

"He said there was not much buoyancy in the inner-west’s two-bedroom house segment, and the 'the last good strong results' for the wider market were in June."

"For vendors, the market is entering a high-pressure phase. Historically, more properties are listed for sale in November and December compared to early spring. This can ratchet up the pressure on sellers to accept lower-level offers because, if they don’t sell before Christmas, chances are they will not negotiate a transaction of their property until late February or March."

"Buyer’s agent Paul Osborne said the east coast capitals were 'at the end of the easy growth across the board' notched up over much of the past 20 years, because official interest rates couldn’t go any lower. 'Credit availability is difficult and getting worse,' he said. 'You’ve also got the psychological element dripping through to the whole market.'"

From ABC News in Australia. "Using a combination of her life savings and a bank loan, Penelope Paton, then 26, made the biggest purchase of her life. But less than three years later, Ms Paton and her partner Markus Tumuls, 29, face the prospect of losing up to $160,000 in value off their home."

"'I bought my first home in Palmerston in 2015 for $520,000,' Ms Paton said. 'I saved up a lot of money for my deposit and it's all gone, essentially.'"

"Recent figures from the NT Real Estate Institute show Darwin's house prices are now the lowest they have been since 2009, with the median house price slipping to below $500,000 this month. The Territory's minute population growth and the end of the INPEX construction phase has cut more than a billion dollars worth of value out of residential property, amounting to a 53 per cent drop in four years."

"It has been a rapid change of pace since 2015, the year the pair bought their first home, when Darwin was feeling the heat of the gas project boom and the median house price was setting new records, almost on par with Sydney."

"'It seemed like a good time to buy for me, I was in a relationship, and I wanted to get a nice house with a back yard and a pool, so I bought,' Ms Paton said. 'Now we're in a bit of a real-estate crisis, having to sell at a loss. It makes me feel really sad because you put hard work into your home and my home is actually depreciating in value, it's going down.'"

"Palmerston residents Laura Boucher and Adam Abigal recently bought their first home, but now feel unsure if they should put more money into it, as property prices continue to fall. 'We want to put a new kitchen in but we're not sure if there's any point if our home's going to keep falling in value,' Ms Boucher said."