Published: October 31, 2018
Research finds Melbourne also dropping steeply as economists warn falls could derail wider economy
Sydney house prices have fallen at their fastest rate for nearly 30 years as the city dragged Australia’s average property values down sharply over the past 12 months.
The national figure fell half a per cent in October, taking the annual fall down to 3.5% according to figures released by CoreLogic on Thursday, prompting warnings from economists that the market has further to fall and could derail the wider economy.
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