Melbourne annual dwelling price growth turns negative

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Behold. Melbourne’s annual dwelling price growth has just turned negative, according to CoreLogic’s daily index:

Melbourne also has the weakest housing market in the nation when measured on a quarterly basis.

Pass the popcorn!

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About the author
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.