Property downturn biggest on record

The Reserve Bank’s aggressive interest rate hiking cycle has triggered the largest housing market decline on record. The 8.4 per cent drop between May 7 2022 and January 2023 is the deepest peak-to-trough decline on CoreLogic’s records, surpassing the previous record-breaking fall between 2017 and 2019. Sydney home values have led the downturn, falling 13 […]