CoreLogic: Australia’s housing market plunges to GFC lows

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By Leith van Onselen

Following Friday’s post on CoreLogic’s daily dwelling values index results for November, CoreLogic has released its full results, which also cover the smaller capitals and regional areas (see next table).

As you can see, Sydney (-1.4%), Melbourne (-1.0%) and Perth (-0.7%) drove a heavy 0.9% decline in dwelling values across the combined capital cities and a 0.7% decline nationally.

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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.