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The New Daily

Matthew Elmas

Housing downturn widens amid fresh fears property prices will plunge 18 per cent

Andrew Wilson ANZ CoreLogic ANZ Bank

New data shows the housing downturn has spread to regional Australia. Photo: TND

Cracks are emerging in key regional property markets as new data reveals the housing downturn is quickly spreading beyond major capitals.

CoreLogic’s latest property report, published on Wednesday, shows regional housing values fell 0.2 per cent in the three months to July – down from a 6.4 per cent gain in December.

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