Domain: Sydney/Melbourne house prices crash in Q3

Thursday 25 October 2018

Domain (formerly APM) has released its State of the Market Report for the September quarter of 2018, which revealed that Sydney and Melbourne house prices are tanking, down 3.1% and 3.9% respectively over the quarter, whereas nationally house prices were down 2.6%:

Unit values have held up better, however, down a more moderate 1.6% over the quarter:

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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.