What the Decline Period Looked Like Over the Recent Years

According to the CoreLogic Home Value Index, national dwelling values were -1.1% lower than their peak in May 2018. The declines were primarily driven by recent weakness in the Sydney and Melbourne housing markets however, a number of other cities also have values which remain below their peak. This week’s blog presents the recent periods in which dwelling values have fallen across each capital city and how long values have taken following these falls for values to eclipse their previous…