'Largest property downturn in 40 years' in sight, says property analyst | The Business | ABC NEWS
National house prices have fallen for a seventh consecutive month, with the speed of the decline in home values tracking at the fastest pace seen over the past 40 years, according to property research group Cotality. Its latest national Home Value Index (HVI) was down 1.2 per cent in October. The index shows the median national house price now stands at $884,855. Brisbane led the monthly falls, followed by Perth, Sydney, Adelaide, Melbourne, Canberra and the regions. Hobart and Darwin managed m
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