{"id":12892,"date":"2018-07-01T06:55:57","date_gmt":"2018-06-30T18:55:57","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=12892"},"modified":"2018-07-01T06:55:57","modified_gmt":"2018-06-30T18:55:57","slug":"should-melbourne-be-worried-about-property-price-falls","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/should-melbourne-be-worried-about-property-price-falls\/","title":{"rendered":"Should Melbourne be worried about property price falls?"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Neil and Jessica Fisher with their 2 year old son, Corbin, are confident. Picture: Jay Town\u00a0Source: News Limited<\/em><\/span><\/strong><\/p>\n

MELBOURNE homeowners have been urged not to panic about their property losing \u201can enormous amount\u201d of value, with even a dramatic 10 per cent drop landing where the market was after a booming 2016.<\/p>\n

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The city\u2019s median dwelling value slipped another 0.3 per cent in the first 27 days of June, the seventh straight month of decline, according to CoreLogic, whose latest\u00a0Hedonic Home Value Index<\/i>\u00a0is out on Monday.<\/p>\n

ANZ has forecast Melbourne prices to fall 10 per cent from \u201cpeak to trough\u201d, while Moody\u2019s Analytics expects greater Melbourne houses to grow 1.5 per cent this year and 1.2 per cent next, with simultaneous yearly rises in the unit market of 4.3 per cent and 2.6 per cent.<\/p>\n

RELATED:\u00a0MELB AUCTIONS DROP AS COOLING CONDITIONS BITE<\/a><\/b><\/p>\n

MELB HOUSE PRICES FORECAST TO PLUMMET BY 10%<\/a><\/b><\/p>\n

FORECAST $1000 A WEEK DROP IN MELB HOUSE PRICES TOO \u2018DRAMATIC\u2019<\/a><\/b><\/p>\n<\/div>\n

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  PHOTO:\u00a0Neil and Jessica Fisher with their 2 year oldRead More →<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":12893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478099761,478098519,478098535,478099758,478099760,478099759,478098513,478098579,478098510,478099757,478098514,478098511,478098533,478098509],"class_list":["entry","author-wpcomsupport","post-12892","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-hedonic-home-value-index","tag-home-ownership","tag-house-prices","tag-melbourne-homeowners","tag-melbourne-houses","tag-moodys-analytics","tag-property","tag-property-market","tag-property-news","tag-property-price-falls","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news"],"yoast_head":"\nShould Melbourne be worried about property price falls? 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