A report from Western Australia Today. "The housing price plummet has allowed more first homebuyers to enter the market, but for sellers it has seen the value of the average Perth dwelling drop from $540,556 in 2014 to $442,716 in March 2019. In regional WA, mining towns in the west Pilbara are beginning to recover. However the value is still 58 per cent down from its peak in 2012, when humble country homes were being sold for seven-figure sums as mining companies scrambled to house their employees."

From the Daily Telegraph. "Sydney’s housing slump has delivered a feast of bargains for home seekers, with sellers offering to sponsor buyer stamp duty bills and cut up to $265,000 off their prices. The deals have come as data released this week showed Sydney’s median home price dropped another 0.9 per cent over March to hit $782,000 — nearly 14 per cent below what it was in July 2017 when the market peaked."

"Many of the discounted homes hit the market months ago but have yet to capture the interest of buyers, who have 28 per cent more homes to choose from than they did at this time two years ago. House hunters also have about 30 per cent fewer rival buyers competing with them for properties."

"Units in numerous developments in Rosebery, Mascot and Waterloo are also available with stamp duty discounts sponsored by the developer. Realestate.com.au economist Nerida Conisbee said the generous offers showed just how far Sydney had shifted into a buyer’s market after being favourable for sellers for years. 'These offers tend to only happen when there is a severe downturn. It’s great for buyers,' Ms Conisbee said."

"SQM Research analyst Louis Christopher said developers were making these offers because they were 'desperate.' 'We will see more of this going forward,' he said."

"A house on Dukic Rd in Bonnyrigg Heights first listed for $1.325 million is now up for grabs at $1.06 million, a discount of $265,000. Further south, in Campbelltown, a home on College St is available for $499,000-$525,000, more than $225,000 below the original price, while in Camden a house on Hill St is available at an $83,000 discount."

The Australian Financial Review. "The downturn in Melbourne's Toorak is pulling prices down to the $7000-per-square-metre level as the heat of recent years comes out of the market in the Victorian capital's most prestigious suburb."

"The downturn that has pushed Melbourne's property prices down 10.7 per cent since their peak in November 2017, is even weighing on values in leafy Toorak, where the median sales price fell from a peak of $5,025,000 in September 2017 to $3.2 million by December last year."

"RT Edgar agent Jack Edgar said the Washington Street site could have fetched between $8500 and $9500 a square metre a year earlier, but that the lower prices were now drawing buyers back into the market. 'It has come back to a level, this new level where at $7500 per sq m, now it’s come back, people are a lot happier to transact,' Mr Edgar said."

"Prices have been falling for a while. In October, a 865-square-metre site at 6 Bruce Street, Toorak, with approval for a six apartments and a penthouse sold in a mortgagee-in-possession sale for $6.3 million, records show, making a rate of $7241 per sq m."

From Manley Daily. "Almost half of Australia’s mortgage holders are struggling to make their payments despite interest rates being at record lows, a survey has found. Comparison site Finder released results of a survey of mortgage holders, estimated that 4.8 million households were already in various forms of financial distress."

"The survey found that 40 per cent of mortgage holders were living 'month to month,' seven per cent were 'barely able to make repayments each month' and two per cent were 'behind in repayments.'"

"Finder’s insights manager Graham Cooke, said financial hardship was a pervasive problem in Australia. 'Living month to month is a reality for millions of Australians, so if you’re in this situation, you are not alone,' he said."

The Property Observer. "A Glen Eden, Qld home has sold under the mortgagee auction hammer for $110,000. This marks a price reduction of $195,000 on its 2013 sale price of $305,000. The 2013 sale price was an $181,000 increase from its previous 2002 sale price of $124,000."