Australian Housing Values Trend Lower in February

According to the CoreLogic home value index results released today, the pace of declining property values eased slightly over the month relative to the previous two months. However, housing values continued to trend lower with six of the eight capitals and four of the seven ‘rest of state’ markets recording a drop in values over the month.

The 0.7% decline in national dwelling values in February takes the cumulative decline to -6.8% since values peaked in October 2017. National dwelling…