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New CoreLogic analysis shows that more than 200,000 properties across Sydney and Melbourne have slipped below $1 million since the housing market peaked in 2017:
From The AFR:
Median price falls in Sydney and Melbourne clipped between 11 and 14 per cent off property values, or about $136,000 in Sydney…
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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.