CoreLogic’s Cameron Kusher has released a new report examining sales of properties valued above $1 million, which shows values rolling over across, driven by Sydney and Melbourne:
Mr Kusher’s analysis revealed that over the 2017-18 financial year, annual value growth fell from 10.2% over the previous financial year to a decline of -0.8% this year. The largest fall in values is occurring for Sydney and Melbourne’s most expensive properties.
