How Does The Housing Decline Compare To Previous Downturns In Sydney And Melbourne

Since the market peaked in July 2017, dwelling values in Sydney have fallen by -5.4%. Melbourne’s housing market peaked a little later than Sydney’s in November 2017 and have declined by -2.9% since their peak. In this week’s blog, we take a look at how recent periods of value decline in Sydney and Melbourne have played out both across the city as a whole and within the individual SA4 regions. The recent period of decline that will be focussed on for Sydney are: post 2003, GFC, 2010…