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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.
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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.