How Properties Have Changed In Value From Their Peak

National dwelling values have fallen by -7.4% from their October 2017 peak through to the end of March 2019. While this figure is often quoted, it is also important to understand the context in terms of how much that actually is in dollar terms. Based the median dwelling value at the time of the market peak, a -7.4% fall in national dwelling values translates approximately into a $40,590 decline in dwelling values.

Looking at falls across the combined capital cities, the decline has…