5-City property values plunge 9%, smashing records

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By Leith van Onselen

CoreLogic’s daily house price index for 25 February, released yesterday, revealed that dwelling value losses across Australia’s five biggest capital city markets have punched through 9%:

As shown above, the current downturn is the worst in nearly 40 years of data, according to CoreLogic.

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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.