Charting Australia’s record breaking house price crash


By Leith van Onselen

With Australia’s housing correction now dragging on for 18 months, and peak-to-trough declines totalling 9.2% at the capital city level, it’s an opportune time to compare this correction with prior episodes.

The below chart shows the various dwelling corrections over the past 30-plus years at the 8-city level, as measured by 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.