5-City property values plunge 9%, smashing records

Monday 25 February 2019

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.