Sydney property losses hit 12% as credit crunch bites

Thursday 24 January 2019

CoreLogic’s daily house price index for 23 January, released yesterday, revealed that Sydney dwelling value losses have hit 12%, whereas declines at the 5-city level have hit 8%:

The below chart shows how Sydney’s current value decline compares against prior corrections:

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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.