General
National Dwelling Values Post First Annual Decline Since 2012
Commenting on the May results, CoreLogic head of research Tim Lawless said, “The negative headline growth rate is a symptom of weakening housing conditions across the capital cities, led by Melbourne and Sydney where previously, capital gains were nation-leading. Sydney and Melbourne comprise approximately 60% of Australia’s housing market by value, and 40% by number, so the performance of these two cities has a larger effect on the headline market performance.”
Dwelling…
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