The more expensive the property, the bigger the fall in value

National dwelling values fell by -2.3% in the last three months 2018, and by -4.8% over the 12 months to December 2018: their largest annual decline since April 2009.

The CoreLogic Decile Report divided the Australian property market into ten equal groups (or deciles) based on tiers of property value and it found that the only market segment to show growth was the 1st decile (properties under $261,215). This segment recorded growth of +0.9% for the quarter and +1.0% for the year to December…