Original article by Su-Lin Tan
The Australian Financial Review – Page: Online : 2-Aug-18
Corelogic has reported that Australian house prices have fallen by 1.6 per cent in the year to July, with Sydney leading the way with a decline of 5.4 per cent. The yearly fall is the largest since 2012. Melbourne recorded the biggest drop in house prices for the three months to July, with a fall of 1.8 per cent, while it also posted the biggest fall for July (down 0.9 per cent). Tim Lawless from Corelogic expects the decline in prices to continue over the second half of 2018.
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