CoreLogic: Aussie property values fall 0.3% in September

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CoreLogic’s dwelling value results for September are out at the 5-city level, with values falling another 0.27% over the month, driven purely by Melbourne and Sydney:

As shown above, the three other main capitals each recorded price growth in September.

It was the fifth consecutive monthly decline at the 5-city level:

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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.