National property market sheds a quarter of its earlier gains
National property prices fell in November for the seventh month in a row, and although there were signs of the declines slowing the average dwelling has still dropped $53,400 in value since the market's peak.
Sydney housing values dropped 1.3 per cent in November but units were more resilient than houses. (Image source: Shutterstock.com)
Australian properties have now lost a quarter of the huge gains that had been made up to the market’s peak in April.
National property prices fell in November for the seventh month in a row, easing another 1.0 per cent.
Dwelling values in Australia are now down 7.0 per cent, or $53,400, since the upswing that had delivered massive gains of 28.6 per cent.
Although values are continuing to trend lower, the rate of decline has been consistently m…
