PHOTO: Prices in half the capital cities have fallen substantially, but the other half is seeing prices rise at a slower pace. ABC News: Michael Coggan
Australian housing prices have experienced their steepest drop since the global financial crisis, according to property analysts CoreLogic.
On a national basis, property prices fell 4.8 per cent last year — driven mainly by sharp declines in Sydney (-8.9 per cent) and Melbourne (-7 per cent).
The latest figures from CoreLogic show national dwelling values have slumped 5.2 per cent since their peak in October 2017.
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