Outside of Sydney and Melbourne, it’s been a decade of house price falls

By Leith van Onselen

CoreLogic’s Cameron Kusher has written an interesting blog post examining real dwelling price growth over the past decade, which reveals that only Sydney and Melbourne have experienced any material growth over that time:

With the release of CPI data ‘real’ changes in dwelling values can also be analysed. On a nominal basis, national dwelling values fell by -0.3% over the December 2017 quarter however, when that is adjusted for inflation the fall becomes a much greater decline of -1.0%. That represents the largest quarterly fall in real dwelling values since they declined by -1.3% over the September 2012 quarter. It was a similar story across the combined capital cities where real dwelling values fell by -1.2% over the quarter which was the largest quarterly fall since December 2011…