Australian house prices

 

PHOTO: Australian house prices fell even further in March, driven by sliding house values in Melbourne and Sydney’s most expensive areas.

Australian house prices fell even further in March, driven by sliding house values being reported in Melbourne and Sydney’s most expensive areas.

CoreLogic on Monday reported that dwelling values dropped by 0.6 per cent last month to be down by 7.4 per cent since their peak in October 2017.

Melbourne dwelling values dropped 0.8 per cent last month, with house values off by 1.1 per cent. Over the past 12 months, Melbourne house values have subsided by 12.4 per cent to be the worst performed of any capital.

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