Australian property prices are in freefall, as the coronavirus puts last year’s recovery into reverse gear – Business Insider Australia

• Property prices continue to decline, with national falls of around 2% over the three months to July.
• More than $30,000 was wiped off Melbourne house prices, while apartments nationwide dropped lower.
• Domain senior research analyst Nicola Powell said the coronavirus had reversed the price recovery that had been in full swing since last year.
• Visit Business Insider Australia’s homepage for more stories.

Melbourne house prices have dropped $30,000 in just …

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