CoreLogic’s dwelling price results are in for August, with another 0.38% decrease in values recorded over the month at the 5-city level:
It was the 11th consecutive monthly decline in home values, with values down a cumulative 3.4% over that period at the 5-city level:
Quarterly values also fell another 1.3%:
Over the August quarter, values were down across all major jurisdictions other than Adelaide:
In the year to August, home values fell by 3.09% at the 5-city level, driven by Sydney (-5.64%):
The next chart, which tracks trend annual price growth, shows a weak trend driven by Sydney and Melbourne:
The below chart tracks price growth on a quarterly basis, with Melbourne, Perth and Sydney each weakening:
Australia’s housing correction rolls on, with no end in sight.
