CoreLogic Head of Research Eliza Owen says they’re finding that a “peak-to-trough decline has been led by Sydney, which is down 13 per cent” in regard to the recent property price drops nationwide.
“Following that, the biggest decline is actually in Brisbane, down 10 per cent, and across Melbourne, we’ve seen a decline of just over eight per cent peak-to-trough,” she told Sky News Australia.
“But then there are some resilient markets, for example, Perth, where values have fallen less than one per cent from recent times.”
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