According to the Australian Bureau of Statistics (ABS), Sydney's property prices declined 2.2% over the quarter, while Melbourne's declined 2.3%.
This makes the mean price of residential dwellings $678,500, down from $690,200 in the March quarter.
ABS' Head of Prices Statistics Andrew Tomadini put the declines down to COVID-19.
"The number of residential property transactions fell substantially in the eight capital cities during the June quarter 2020, due to the effects of COVID-19 on the property market", said Mr Tomadini.
"All capital cities apart from Canberra recorded falls in property prices in the June quarter 2020."
Brisbane's declined -0.9%; Adelaide -0.8%; Perth -0.7%; Hobart -0.4%; Darwin -1.4%; Canberra +0.8%.
However, nationwide, residential property prices are still up 6.2% on the year to the June quarter 2020, with rises in all capital cities except Perth and Darwin.
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Variable | More details | ||||||||||||
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Variable | More details | ||||||||||||
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Variable | More details | ||||||||||||
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- Immediate cashback upon settlement
- $2000 for loans up to $700,000
- $4000 for loans over $700,000
With an average residential dwelling value of $498,500, Western Australia's mean dipped below the $500,000 mark for the first time since ABS began tallying this data in December 2011.
In the Northern Territory, average values were at $410,100, the lowest price recorded in the series' nine-year history.

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