Perth property value declines hit 16%

Monday 14 January 2019

CoreLogic’s daily house price index for 13 January, released yesterday, revealed that Perth dwelling value declines have hit a record 16%:

This is by far the biggest bust on record for Perth, with the current 16% decline far eclipsing prior price corrections, both in terms of size and duration:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.