Australian Dwelling Values Continue To Trend Lower In June

According to CoreLogic research director Tim Lawless, despite recent and consistent monthly falls, national dwelling values remain 32.4% higher than five years ago. He said, “This highlights the wealth creation that many home owners have experienced over the recent growth phase, but also the fact that recent home buyers could be facing negative equity.”

“Tighter finance conditions and less investment activity have been the primary drivers of weaker housing market conditions and we…