{"id":26522,"date":"2020-08-03T16:50:49","date_gmt":"2020-08-03T04:50:49","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26522"},"modified":"2020-08-03T16:50:49","modified_gmt":"2020-08-03T04:50:49","slug":"melbourne-and-sydney-continue-to-lead-property-price-decline-corelogic","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbourne-and-sydney-continue-to-lead-property-price-decline-corelogic\/","title":{"rendered":"Melbourne and Sydney continue to lead property price decline: CoreLogic"},"content":{"rendered":"

PHOTO: Australian housing values dropped 0.6 per cent in July, according to new figures.<\/strong><\/p>\n

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Australia\u2019s largest cities are continuing to lead the property market downturn, with new figures showing price falls accelerated in both Melbourne and Sydney last month.<\/p>\n

Australian housing values dropped 0.6 per cent in July, according to the latest CoreLogic Home Value Index, released Monday, marking the third consecutive month of prices falls amid the coronavirus pandemic.<\/p>\n

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Jeff Bezos pays $10 million for home next door to the opulent $165 million Beverly Hills estate where he already lives<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n

Melbourne recorded the largest drop, with the median dwelling value falling 1.2 per cent over the month to $678,334. It was followed by Sydney with a decline of 0.9 per cent to a median of $866,110.<\/p>\n

CoreLogic\u2019s head of research Tim Lawless said despite the declines, overall, Australia\u2019s\u00a0housing markets had remained relatively resilient through the COVID-19 pandemic so far.<\/p>\n

\u201cThe impact from COVID-19 on housing values has been orderly to date, with CoreLogic\u2019s national index falling only 1.6 per cent since the recent high in April \u2013 and housing turnover has recovered quickly after its sharp fall in late March and April,\u201d he said.<\/p>\n

\"CoreLogic
CoreLogic Home Value July Index Result<\/strong><\/em> <\/p>\n

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