Perth property value losses hit 17%

Wednesday, 13 February 2019

CoreLogic’s daily house price index for 12 February, released yesterday, revealed that Perth dwelling value declines have hit a record 17%:

This is by far the biggest bust on record for Perth, with the current 16% decline far eclipsing prior price corrections, both in terms of size and duration:

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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.