Most Capital Cities Have Now Seen Values Fall Below Their Peak As The Housing Downturn Becomes More Widespread

Although the past few decades have been characterised by increasing property values, that doesn’t mean there haven’t been periods when property values have reversed; in fact that housing market is highly cyclical with upswings generally followed by a period of falling values. At a national level, since 1980 there have been eight separate housing market downturns (as highlighted in the first chart). The current downturn which commenced after October 2017, has seen values fall by -6.8%….