Australian Cities See Substantial Gains Over Past Two Decades

According to the CoreLogic Home Value Index, dwelling values have recorded some substantial falls over the 12 months to January 2019. Four of the eight capital cities have recorded dwelling value falls while four of the seven rest of state markets have also experienced declines.

Nationally, dwelling values have fallen by -5.6% over the 12 months to January 2019 which is their largest annual fall since March 2009. Combined capital city dwelling values were -6.9% lower over the past year…