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Australian home values see largest decline in recent memory, new data shows

Australia Eliza Owen CoreLogic

Homes around Australia have lost an estimated average of $64,820 in value since May last year according to CoreLogic's Daily Home Value Index.

Between May 2022 and January 2023, Australian home prices saw a decline of -8.40 per cent, breaking the previous record in peak-to-trough declines, when home values fell -8.38 per cent between October 2017 and June 2019.

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