{"id":17501,"date":"2019-03-15T10:33:26","date_gmt":"2019-03-14T21:33:26","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17501"},"modified":"2019-03-15T10:33:26","modified_gmt":"2019-03-14T21:33:26","slug":"current-downturn-one-of-the-biggest-in-history-says-corelogic","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/current-downturn-one-of-the-biggest-in-history-says-corelogic\/","title":{"rendered":"Current downturn one of the biggest in history, says CoreLogic"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0At a national level, since 1980 there have been eight separate housing market downturns, and only two have been larger than the current one, according to CoreLogic.<\/strong><\/p>\n

The current downturn which commenced after October 2017 has seen values fall by 6.8 per cent, the latest CoreLogic\u00a0Property Pulse<\/em>\u00a0has found.<\/p>\n

\u201cAlthough that may not seem like a substantial downturn, since the early \u201980s, there have only been two downturns which were larger, 2008\u201309 and 1982\u201383,\u201d said CoreLogic head of research Cameron Kusher.<\/p>\n

\u201cNational housing market downturns have also been generally fairly short-lived, with the current downturn of 16 months already the second longest with the 2010\u201312 decline running two months longer than the current downturn.\u201d<\/p>\n

He said that most of the loss has been felt in the main cities.<\/p>\n

\u201cThe decline in values throughout the current downturn has been larger across the combined capital cities, with values now 8.6 per cent lower.<\/p>\n

READ MORE VIA REB<\/a><\/p>\n

 <\/p>\n

https:\/\/www.instagram.com\/p\/BuUkQr6FdBp\/<\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0At a national level, since 1980 there have beenRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478102526,478102083,478098519,478098535,478098537,478104065,478098556,478098513,478098579,478098510,478098514,478098575,478098511,478098509,478098536,478098618,478098677,478098724],"class_list":["entry","author-data123nz","post-17501","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corelogic-property-pulse","tag-downturn","tag-home-ownership","tag-house-prices","tag-melbourne","tag-national-housing-market","tag-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria","tag-wa"],"yoast_head":"\nCurrent downturn one of the biggest in history, says CoreLogic - 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