‘Year of contrasts’: National housing values put the brakes on 32-year record growth

2022 saw Sydney and Melbourne lead the first fall in national housing values in four years, but the market has yet to sink to pre-COVID levels.

CoreLogic data shows Australia’s national housing value fall of -1.1 per cent in December took the country’s housing values down -5.3 per cent over 2022 – marking the first time since 2018 in which national home values fell over the calendar year.