Domain (formerly APM) has released its State of the Market Report for the December quarter of 2018, which revealed that Sydney and Melbourne house prices are tanking, down 3.2% and 2.1% respectively over the quarter and by 9.9% and 8.4% over the year, whereas nationally house prices were down 1.8% over the quarter and by 6.5% year-on-year:
Unit values have held up a little better, however, down a more moderate 5.3% over the year nationally:
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