House prices in the Victorian capital fell another 0.8 per cent in March and are now 10.3 per cent down from their November 2017 peak, CoreLogic figures released on Monday show.
“The worst month-on-month fall was back in December when the national index was down 1.1 per cent, now it’s down 0.6 per cent,” he said. Prices also fell in five of the seven “rest of state” markets, the exceptions being regional Tasmania and regional South Australia, where prices increased 0.5 per cent and 0.3 per cent respectively.
CoreLogic predicts a combination of first homebuyers entering the market and interest rate cuts will arrest the declines.
Yes yeessssss. Crash harder. I want my first home purchase to be fuelled by the tears of over leveraged property investors.
bit hard to blame that on shorten
FFS property prices were way way over valued, it's coming back a little to what they should be...a fair way still to go. Stop with the hysterical headlines.