Listen, You Can Hear Home Prices Falling!

The mythology that home prices always rise has been busted before, because the high-level indices which are the fixation of the media, ignore the real variations, at a granular level. The latest data from Corelogic shows that at the aggregate level there were small falls in Canberra, Darwin, Hobart, and Melbourne, while there were stronger rises in Brisbane, Adelaide and Perth (especially Perth) and a small rise in Sydney. But now, the people at Corelogic who release one of the main indicators of prices included in their Housing Chart Pack, the September ‘Chart of the Month’ which takes a granular […]