Why Melbourne is the property market’s dead canary

CoreLogic’s head of research, Eliza Owen, has released a report examining why Melbourne is leading Australia’s property downturn:

The July CoreLogic index results show the Melbourne property market is the worst capital city performer since the onset of COVID19. June marked the third consecutive month of value falls across the city. This sees values down -2.3% from the previous quarter,
when the market hit a record high…

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