CoreLogic housing indicators turn fugly
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CoreLogic has released its Quarterly Housing Market Review, which provides a depressed snapshot of Australia’s housing market.
First, the below chart tracks the monthly number of settled sales, which nationally fell 11.3% in the year to March and were down 14.2% across the combined capital cities:

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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.
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