A report from the New York Times. "One Saturday in March, in the suburbs north of Sydney, around three dozen people gathered on a lawn outside a smallish two-bedroom apartment. On this muggy day, almost all of the assembled crowd turned out to be gawkers. Finally a young couple whose agent lobbed in a 930,000 Australian dollar ($661,000) offer won the day. It reflected a wheezing Australian housing market."

"'Twelve to 18 months ago, it would have sold for 1.1 million,” said auctioneer, Andrew Robinson. 'There was more of a frenzied atmosphere, more people bidding who just didn’t want to lose out.'"

The Australian Financial Review. "It's perfectly evident to Sydney train guard John Okroglic what a difference 15 months can make in the current property market. Mr Okroglic offloaded his investment property – a small one-bedroom apartment two blocks from Cronulla beach – in November 2017 for $720,000, after the first signs emerged that Sydney's property market had peaked, and he hasn't looked back."

"In the last fortnight, another apartment in the same building as Mr Okroglic's old unit, albeit better quality – on a higher floor and renovated – sold for $635,000, after just nine days on the market. 'When the economy is going great, things are bustling all day and all night, but now I see a big difference in traffic. People are going to work and then going home,' he said. 'I think the property market is in tatters. I'm definitely not in a rush to get back into the market and I think a lot of people will get burnt out of this.'"

From TV New Zealand. "After years of skyrocketing house prices in Auckland, the tide appears to have turned - in the favour of buyers. 'The two major reasons investors invest are for capital growth or rental return and at the moment they are unlikely to see either of those so that's keeping them out of the market,' says The Property Institute's Ashley Church."

"'Where Auckland is right now, you can expect the rest of the country to follow in the next 18 months to two years,' says Ms Church."

The Manila Standard in the Philippines. "Developers and property managers clear entire floors of residential buildings to accommodate the request of Chinese buyers amid the influx of foreign nationals working for the so-called Philippine offshore gaming operators or Pogos. Condominium prices also escalated beyond the reach of ordinary Filipinos."

"A landowner said lot prices in the Bay Area, encompassing the cities of Manila, Pasay, and Parañaque, jumped more than 10 times since he bought the property a decade ago. 'It is a bubble waiting to burst,' the landowner said."

The Wall Street Journal on Japan. "Daiwa House is collaborating with other construction companies to develop a new 1.5 million-square-foot 'town' in Tokyo’s center. Their prices are expected to be cheaper than those in the surrounding area given the 'sheer amount of inventory in an already saturated area of Tokyo,' said Adam German, the vice president of business development at Housing Japan. If they’re not at market prices or even a bit below, 'the units will have significant trouble selling,' he said."

From Globes on Israel. "Jerusalem has been a real estate investment target for wealthy foreigners for two decades, who buy very luxurious housing at prices of NIS 10 million or more. In recent years, however, with the increase in taxes and implementation of the Prohibition on Money Laundering Law, the number of such investors has dropped noticeably."

"Only 14 deals took place in Jerusalem last year at prices of NIS 8 million or more. These deals, however, were exceptions; the state of the luxury housing market in Jerusalem is far gloomier than they would indicate. 'There is a big downturn in the luxury market among both foreign residents and Israelis,' says real estate appraiser Oren Iluz."

"Real estate agent Ahituv Getz tells of a penthouse in a new project on Disraeli Street in Talbieh, which was sold two years ago for NIS 12 million. Six months ago, a similar apartment was sold for only NIS 10.5 million, and this is no exception. 'I estimate that prices of luxury housing in the city have fallen by 15%,' he says."

From CanIndia on Canada. "There is genuine panic among a large section of homeowners in Vancouver as sales have fallen to their lowest level since 1986. Only 1,727 homes changed hands in Greater Vancouver in March, down 31.4 per cent from the same month a year earlier, the Real Estate Board of Greater Vancouver said."

"Prices for all housing types are falling. The benchmark price of a detached home clocked in at $1.437 million, down 10.5 per cent, or about $170,000, in a year. Condo prices are down 5.9 per cent in a year, to $656,900."