CoreLogic: Unsold properties surging across Sydney/Melbourne

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CoreLogic’s weekly housing indicators continue to show accelerating weakness.

Dwelling values have fallen heavily again, led by Sydney and Melbourne:

Auction clearances have crashed, again led by Sydney and Melbourne:

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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.