It's been dubbed "Australia's worst property slump in a generation" by The Sydney Morning Herald.
New reports just in reveal Melbourne’s property market correction is now the sharpest on record with the Australian Bureau of Statistics.
In dollar terms it represents a $46,000 reduction to the city’s median house price from $752,000 to $706,000. Source: realestate.com.au.
"Queensland's coastal housing markets are expected to rank among the best performing across Australia during 2019 as they have the key factors that drive growth - livability, affordability, booming infrastructure and enhanced economic prospects." Jonathan Chancellor - Property Observer.
