Sydney property prices plunge towards -10%

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By Leith van Onselen

CoreLogic has updated its daily dwelling values index, which has significantly downgraded Sydney.

In the month of October, dwelling values at the 5-city level fell by 0.6%, driven by heavy falls in Sydney (-0.7%), Melbourne (-0.7%), and Perth (-0.8%):

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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.