Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Property
  • Health
  • TV
Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Property
  • Health
  • TV
Subscribe
YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

Is a multigenerational home the way of the future?

Is a multigenerational home the way of the future?

This is how much the average Australian earns and spends

This is how much the average Australian earns and spends

This is how much common groceries cost now vs then

This is how much common groceries cost now vs then

This is Australia's Town of the Year for 2021

This is Australia's Town of the Year for 2021

{headline}

{headline}

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

Aussie actress Asher Keddie is selling her $2 million Elwood home

Aussie actress Asher Keddie is selling her $2 million Elwood home

How you can save money on your home loan by going green

How you can save money on your home loan by going green

{headline}

{headline}

This is how long it takes to save a home deposit in Sydney

This is how long it takes to save a home deposit in Sydney

The potential property hotspots for 2020

The potential property hotspots for 2020

The January 2020 changes all first home buyers need to know about

The January 2020 changes all first home buyers need to know about

Australia’s number one beach for 2020 has been announced

Australia’s number one beach for 2020 has been announced

Why you should reconsider hosting an open house inspection

Why you should reconsider hosting an open house inspection

How to know if a home isn’t worth the listed price

How to know if a home isn’t worth the listed price

Study identifies the best place to drive a car in Australia

Study identifies the best place to drive a car in Australia

  1. Home
  2. Finance

Aussie house values are plummeting

According to new data - by Laura Barry
  • 02 Aug 2018
 Aussie house values are plummeting

The past 12 months have seen the largest annual fall of Australian home values since 2012, according to new reports from property data company CoreLogic.

The Corelogic Hedonic Home Value Index report found that home values fell 0.6 per cent nationwide in July 2018, and are down 1.6 per cent in 12 months.

The downturn in the property market isn’t just restricted to Sydney and Melbourne either (although, the decline has hit properties in Melbourne and Sydney the hardest). Values slipped in five of the eight capital cities just in the past three months, while regional areas where the market has generally been more resilient have also seen a drop in value.

Some of the worst affected places are Perth and Darwin, where prices have fallen 2.3 per cent and 6.2 per cent respectively over the past 12 months.

RELATED: The most affordable suburbs for first home buyers

However, CoreLogic warns that housing affordability is still a big issue in Australia, and that prices would have to fall much further before they reach an adequate level.

"We can't see any factors that may halt or reverse the housing markets trajectory of subtle declines over the second half of 2018," Corelogic head of research Tim Lawless told the Australian Financial Review.

Economists are now warning that the worst is yet to come, anticipating a faster decline in house prices than initially expected, citing their original estimate of a 12 per cent fall as ‘optimistic’, while CoreLogic predicts a rise in interest rates thanks to higher funding costs.

You might also like:

Millennial solutions to housing affordability

Pros and cons of renting vs buying

Why waiting for cheaper house prices is a bad idea

  • News
  • Finance
Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

Get your mag delivered!-Save 29% off the cover price!

Subscribe for $4.95 per issue

Subscribe Now
Get your mag delivered!

Get your mag delivered!-Save 29% off the cover price!

Subscribe for $4.95 per issue

Subscribe Now
Get your mag delivered!

Recommended to you

YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

Is a multigenerational home the way of the future?

Is a multigenerational home the way of the future?

This is how much the average Australian earns and spends

This is how much the average Australian earns and spends

This is how much common groceries cost now vs then

This is how much common groceries cost now vs then

This is Australia's Town of the Year for 2021

This is Australia's Town of the Year for 2021

{headline}

{headline}

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

Aussie actress Asher Keddie is selling her $2 million Elwood home

Aussie actress Asher Keddie is selling her $2 million Elwood home

How you can save money on your home loan by going green

How you can save money on your home loan by going green

{headline}

{headline}

This is how long it takes to save a home deposit in Sydney

This is how long it takes to save a home deposit in Sydney

The potential property hotspots for 2020

The potential property hotspots for 2020

The January 2020 changes all first home buyers need to know about

The January 2020 changes all first home buyers need to know about

Australia’s number one beach for 2020 has been announced

Australia’s number one beach for 2020 has been announced

Why you should reconsider hosting an open house inspection

Why you should reconsider hosting an open house inspection

How to know if a home isn’t worth the listed price

How to know if a home isn’t worth the listed price

Study identifies the best place to drive a car in Australia

Study identifies the best place to drive a car in Australia

Bhg
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Bhg Magazine Subscribe
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

Brands

  • All Recipes
  • BHG Shop
  • Girlfriend
  • Home Beautiful
  • New Idea
  • New Idea Food
  • Practical Parenting

Our Network

  • marie claire
  • Beauty Crew
  • Who
  • Women's Weekly Food
  • Bounty Parents
  • That’s Life
  • Perth Now
  • The West Australian
  • 7Plus
  • Airtasker
  • 7NEWS
  • SocietyOne
  • Health Engine
  • Starts at 60
© 2021 Are Media PTY LTD
Get more from Better Homes and Gardens

Magazine Subscription Offer

Get your mag delivered!-Save 29% off the cover price!

Shop This Offer
Get your mag delivered!