Your House Is Probably Worth Less Than It Was This Time Last Year
While no one likes to see their biggest asset go down in value, some historical context can help put things in perspective.
2018 was a tough year for Melbourne house prices.
City-wide, median prices were down close to -10% compared to 2017. Not great news for existing homeowners.
I’m not going to get into all the reasons behind the falls (we get paid a decent quid for detailing that information to businesses across Melbourne and Sydney, and our clients wouldn’t appreciate us sharing all this for free).
But, I thought I’d share a quick couple grap…