Australian Housing Values Record A Fourth Month Of Decline, Down 0.4% In August, With Trends Beginning To Diverge Across The Cities

Australian home values moved through a fourth month of COVID-induced falls, with the CoreLogic home value index recording a 0.4% fall in August.  Although housing values continued to trend lower from their pre-COVID highs, at least from a macro perspective, the rate of decline has eased over the past two months and five of the eight capitals recorded steady or rising values through the month. 

According to CoreLogic’s head of research, Tim Lawless, the Melbourne housing…