Australian property values tumble 0.5% in May

Monday 1 June 2020

CoreLogic’s dwelling value results for May are out at the 5-city level, with values falling 0.48% over the month led by a heavy 0.91% decline across Melbourne:

It was the first monthly decline since June 2019:

Over the May quarter, dwelling values rose by 0.4% across the major capitals, with growth slowing fast:

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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.