Values fall in 80 per cent of Aussie suburbs
Property values are falling in four out of five suburbs across the capital cities, with house prices falling in every suburb in Sydney, Melbourne, Canberra and Hobart over the quarter.
Darwin was the only capital city to see house and unit values increase over the quarter. (Image source: Shutterstock.com)
Australia’s housing market downturn has become more widespread, with four in five house and unit markets analysed across the capital cities recording a fall in values over the past three months, almost double the number that declined in the previous quarter.
CoreLogic’s interactive Mapping the Market tool, updated today, shows 79.5 per cent or 2,405 house and unit markets analysed saw values go backwards over the September quarter, a significant…
