Perhaps the rate of decline is slowing for the Australian house price market.
The rate of decline has dropped from -1.1% in Dec. 2018 to 0.5% for this latest
CoreLogic comment:
- "The current trend in the data implies that housing market conditions may have moved through the worst of the downturn"
Falling house price have weighed on activity in the sector, which is a negative for jobs (although jobs growth has been picked up elsewhere, so far at least).
The downtrend in house prices comes after a huge surge in previous years.
