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Australia has weakest housing market since 2008, latest index shows

January 03, 2019 / CoreLogic

Property prices in Australia fell by 4.8% nationally in 2018 to a median value of $532,327, while the rate of decline worsened consistently over the year, the latest real estate index shows. It means that the housing market as a whole has seen the weakest market conditions since 2008, according to the index report from CoreLogic.