Melbourne continues to lead house price decline
Melbourne home values have continued their COVID-related decline, falling 1.2 per cent in August as house prices in other capital cities across the country begin to stabilise.
The strictest lockdown in the country in Melbourne has also brought the biggest median house price declines across capital cities. Photo: Shutterstock (Image source: Shutterstock.com)
Melbourne home values have continued their COVID-related decline, falling 1.2 per cent in August as house prices in other capital cities across the country begin to stabilise.
CoreLogic said Mebourne’s August tumble demonstrated the impacts of Victoria’s COVID-19 outbreak on property markets, relative to other cities.
In Sydney, house prices declined by 0.5 per cent, while Brisbane home values nudged down by 0.1 per cent, CoreLogic said.
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