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South East Queensland (SEQ) is now leading Australia’s house price downturn.
According to Cotality’s daily dwelling values index, home values in Brisbane (including the Gold Coast) have declined by 1.5% over the past month, the sharpest decline among the major capital city areas:
Brisbane’s auction clearance rate is also the weakest among the three largest capital cities, tracking below 40% for 17 consecutive weeks:
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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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