Almost half of all Australian properties now declining in value
Australia's real estate market is lurching towards a tipping point, with almost half of all properties now recording price falls and imminent rate rises looking likely to drive this proportion higher. View CoreLogic's interactive 'Mapping the Market' tool at the end of this article.
Around half of Australian properties are now declining in value, with the inevitability of more interest rate rises likely to put much of the other half of the market at risk of a reversal.
Sydney and Melbourne weigh most heavily on the Australian real estate market, contributing to 41.9 per cent of house and unit markets analysed in the June quarter declining in value across the country.
The latest CoreLogic Home Value Index findings are a sig…