The RP Data May Market Report is out and Australian home values were down -4.5% in the 12-months to end-April, and have fallen -6.1% since peak (see below charts).
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Most key metrics have worsened over the past year, including:
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.