{"id":19237,"date":"2019-06-04T09:46:00","date_gmt":"2019-06-03T21:46:00","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19237"},"modified":"2019-06-04T09:46:00","modified_gmt":"2019-06-03T21:46:00","slug":"new-corelogic-data-shows-the-property-markets-downturn-is-losing-steam","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/new-corelogic-data-shows-the-property-markets-downturn-is-losing-steam\/","title":{"rendered":"New CoreLogic data shows the property market\u2019s downturn is losing steam"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0The worst is over, May data says.\u00a0<span class=\"image-source\"><em>Source: Supplied<\/em><\/span><\/strong><\/p>\n<p>Despite the steady flow of positive news for the property sector, the market still lost value in the latest figures released today.<\/p>\n<p class=\"description\">The pace of the nation\u2019s property market decline slowed further in May, with expectations of a rate cut and reforms to mortgage serviceability requirements lifting sentiment.<\/p>\n<div class=\"story-content\">\n<p>The monthly report card from data firm CoreLogic showed the drop in national dwelling values slowed from 0.5 per cent to 0.4 per cent in May, primarily driven by a slower rate of decline in Sydney and Melbourne.<\/p>\n<p>CoreLogic head of research Tim Lawless said, while the housing market remained in a broadbased downturn, the outlook was more positive now than it was before the federal election.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/new-corelogic-data-shows-the-property-markets-downturn-is-losing-steam\/news-story\/5a8c5241d5e2b553a4ef70e39153d589\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0The worst is over, May data says.\u00a0Source: Supplied Despite<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/new-corelogic-data-shows-the-property-markets-downturn-is-losing-steam\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098892,478098519,478098535,478105524,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098509,478098536,478098618,478103816],"class_list":["entry","author-data123nz","post-19237","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corelogic","tag-home-ownership","tag-house-prices","tag-mortgage-serviceability","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-tim-lawless"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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