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…