Melbourne’s record-breaking property bust

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By Leith van Onselen

According to CoreLogic’s daily house price index, Melbourne dwelling value losses smashed through 10% over the weekend:

The below chart shows how Melbourne’s price decline compares against prior price 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.