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CoreLogic’s daily index has begun to roll over in Melbourne, falling 0.22% over the past 8 days:
This is only the beginning, of course.
Melbourne’s economy is arguably the most exposed to the COVID-19 economic meltdown given it will be the most impacted by the anticipated slump in immigration:
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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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