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Melbourne and Sydney continue to lead property price decline: CoreLogic figures – Domain News
Australia’s housing markets have remained relatively resilient through the COVID-19 crisis so far but new figures show price falls accelerated in both Melbourne and Sydney last month.
Australia’s largest cities are continuing to lead the property market downturn, with new figures showing price falls accelerated in both Melbourne and Sydney last month.
Australian housing values dropped 0.6 per cent in July, according to the latest CoreLogic Home Value Index, released Monday, marking the third consecutive month of prices falls amid the coronavirus pandemic.
Melbourne recorded the largest drop, with the median dwelling value falling 1.2 per cent over the month to $678,334. It …
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