PHOTO: Visitors reading a row of estate agent signs outside a newly-renovated apartment building. Source: Getty Images

Property market sentiment has changed over the last month, buoyed by the results of the Federal election, falling interest rates and APRA loosening its restrictions on lending.

However, there was still a decline in property values in our national housing markets in the month of May.

National dwelling values fell for the 19th consecutive month in May 2019, recording a -0.4 per cent decline – the smallest monthly decline since August 2018.

Corelogic reports that over the month, combined capital city values fell by -0.4 per cent while the combined regional markets recorded a -0.2 per cent fall.

Over the past year, national dwelling values have fallen by -7.3 per cent which is their largest annual fall since January 2009.