Darwin’s extraordinary 5.5 year housing crash

Thursday 5 March 2020

CoreLogic’s Tim Lawless has tweeted the below fascinating chart showing the boom and bust of Australia’s various property markets:

While most markets have staged strong rebounds, Darwin’s has fallen for 68 months and is 32.7% below its May 2014 peak.

In inflation-adjusted terms, Darwin’s dwelling values have declined by around 36% from peak.

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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.