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The Canberra Times

National

Brittney Levinson

Canberra house values drop 2 per cent as downswing accelerates

Canberra Steve Thomas CoreLogic Tim Lawless

The downswing in property values was something Simon Ochsenbein took note of when preparing to sell. Picture by Elesa Kurtz

Canberra house values fell 2 per cent in August as national property values recorded the largest monthly decline since 1983.

CoreLogic's latest Home Value Index, released today, shows Canberra's house value decline has accelerated, with values down 3 per cent over the three months to September.

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