Quarterly Economic Review Release, August 2018

Over the second quarter of 2018, national dwelling values have declined by -0.5%, matching the -0.5% fall in values over the March quarter.

Throughout the 12 months to June 2018, national dwelling values have decline by -0.8%. Although a -0.8% fall isn’t overly large, it is the greatest annual fall in values since September 2012 when values had fallen -1.1% over the year.

While the headline figure is recording falls largely due to declines in Sydney and Melbourne dwelling values, housing…