Housing Downturn Spreads as 93% of Capital City Suburbs Record Winter Value Falls | Latest Cotality Home Value Index Report

Winter buyers suffer after Perth homes drop $30k in value

The property boom is squarely in the rear-view mirror, with tens of thousands of dollars slashed from median prices in Perth over winter, according to Cotality.

$40,000 wiped off the value of the average house over winter

The figures from Cotality will create an economic problem for the Reserve Bank and a political issue for the Albanese government.

Housing downturn spreads as 93% of capital city suburbs record winter value falls | Latest Cotality Home Value Index Report

Home value declines spread sharply across Australia's housing market through winter, with home values falling across 93% of capital city suburbs and every capital city except Darwin recording a decline over the past three months. Cotality's national Home Value Index fell 0.9% in August, marking a fifth consecutive month of decline and taking national home...