Australia’s Dwelling Values Fall Half A Percent In April

Dwelling values across Australia continued their downward trajectory in April, falling by half a percent over the month to be down -7.2% over the past twelve months and -7.9% lower since peaking in September 2017. Although housing values are broadly trending lower, the rate of decline has been easing since moving through a monthly low point in December last year when national dwelling values fell -1.1%.

According to CoreLogic head of research Tim Lawless, “The improvement in the rate…