{"id":16718,"date":"2019-02-02T09:07:44","date_gmt":"2019-02-01T20:07:44","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16718"},"modified":"2019-02-02T09:08:47","modified_gmt":"2019-02-01T20:08:47","slug":"house-prices-keep-falling-ahead-of-federal-election-and-banking-inquiry-report","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-keep-falling-ahead-of-federal-election-and-banking-inquiry-report\/","title":{"rendered":"House prices keep falling, ahead of federal election and banking inquiry report"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0The median property value fell in every capital city last month, except Canberra. ABC News: Liz Pickering<\/strong><\/p>\n<p class=\"first\">Australian property prices have fallen at an even faster rate in<strong>\u00a0<\/strong>the new year, dropping an average of 1 per cent last month nationally.<\/p>\n<div class=\"inline-content wysiwyg right\">\n<div class=\"inner\">\n<h2>Key points:<\/h2>\n<ul>\n<li>Sydney (-9.7pc) and Melbourne (-8.3pc) property markets fell the most in the last year<\/li>\n<li>Hobart prices (+7.4pc) had the biggest price rise in 2018<\/li>\n<li>Darwin&#8217;s median price was lowest ($412,940), while Sydney was the priciest ($795,509)<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Since peaking in October 2017, the nation&#8217;s property prices have fallen<strong>\u00a0<\/strong>6.1 per cent, with the median price now sitting at $528,553, according to property analyst CoreLogic&#8217;s most recent figures.<\/p>\n<p>The current downturn is now worse than the peak-to-trough decline of the global financial crisis (GFC) a decade ago \u2014 during which national prices fell about 5 per cent.<\/p>\n<p>UBS economist George Tharenou has gone as far as calling it the &#8220;equal worst in 36 years [since] around the 1982\/3 recession&#8221;.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2019-02-01\/corelogic-property-price-falls-january\/10769704\">ABC<\/a><\/p>\n<p>https:\/\/www.instagram.com\/p\/BsWb_DNFOSl\/<\/p>\n<p>&nbsp;<\/p>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/propertynoisenz?ref_src=twsrc%5Etfw\">Tweets by propertynoisenz<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0The median property value fell in every capital city<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-keep-falling-ahead-of-federal-election-and-banking-inquiry-report\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478100127,478098521,478098892,478103452,478098807,478098519,478098535,478098513,478098579,478098510,478098514,478098511,478098705,478098509,478103453],"class_list":["entry","author-data123nz","post-16718","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-property-prices","tag-australians","tag-corelogic","tag-george-tharenou","tag-hobart","tag-home-ownership","tag-house-prices","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news","tag-ubs-economist"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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