The ABS has released its property price index – incorporating both detached houses and units – which registered another 3.0% decline in home values nationally over the March quarter and a 7.4% decline over the year:
Sydney (-3.9%), Melbourne (-3.8%), Brisbane (-1.5%), Perth (-1.8%), Darwin (-0.6%), Adelaide (-0.2%), Canberra (-0.9%), Hobart (-0.4%) and Darwin (-1.8%) all recorded quarterly declines in values.
