National property market continues its downhill slide
National property prices have fallen 8.9 per cent since peaking in April last year, making this the largest and fastest decline in values since at least 1980 when CoreLogic’s records began.
Property prices remain on a one-way downhill slide across the country. (Image source: Shutterstock.com)
Australia’s housing market decline has spread across all capital cities and most regional areas, with a leading index showing the property price slides are widespread but slowing in momentum.
CoreLogic’s home value index slumped 1.0 per cent in January, marking a new record for how much and how fast dwelling values have fallen in Australia.
Based on the monthly index, the national HVI is down 8.9 per cent since peaking in April last year, maki…
