Australian house prices falling at fastest rate in a decade, data shows

Sydney and Melbourne properties have now dropped 11.1% and 7.2% respectively compared with 2017 peak

House prices have fallen the most in a single quarter since 2008, according to new data for December.

Compared with their 2017 peak, Sydney and Melbourne’s house prices have now dropped 11.1% and 7.2% respectively, and a sharp fall in the December quarter hints that the decline is picking up pace, according to data researcher CoreLogic.

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from The Guardian http://bit.ly/2QeUYOo
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