Perth property losses crash through 20%

Friday 19 July 2019

CoreLogic’s daily house price index reveals that Perth’s dwelling value declines have plunged through 20%, marking by far the biggest and longest capital city decline in modern Australian history:

While the other major capitals are showing improvement, the quarterly pace of decline in Perth has worsened to 2.4%, suggesting further heavy losses:

In a similar vein, annual Perth dwelling price declines have accelerated to 9.2%:

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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.