House Prices: Biggest annual decline since 2008

House Prices: Biggest annual decline since 2008

December home price figures were released by CoreLogic earlier this month, showing national home prices fell by 1.1 per cent in December to be down 4.8 per cent in 2018 – the worst annual decline in a decade. With that said QLD is holding and Regional areas such as Gold Coast are deemed affordable and likely to see an uplift in house pricing.

 

CommSec Senior Economist Ryan Felsman puts the national decline down to “tighter lending conditions amid greater regulatory oversight, rising supply, lifting mortgage rates and falling investor demand.”