Australian dwelling values continue to trend lower in June amidst tight credit conditions and less investment activity.
According to CoreLogic’s hedonic home value index, Australian dwelling values fell for the ninth consecutive month in June, taking national dwelling values 1.3% below their September peak.
CoreLogic today released its June Home Value Index results which revealed that Australian dwelling values tracked lower in June, down 0.2% over the month to be 0.8% lower over the year. June marks the ninth consecutive month-on-month fall in national home values, taking the cumulative decline to -1.3% since the housing market peaked in September last year.
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