The latest CoreLogic Market Indicator Summary, out today, highlights the divergent home price outcomes across the states. Results to 12 March show Sydney still moving strongly ahead, with Melbourne not far behind. Perth, on the other hand remains under pressure, with falling values.
We really need different economic settings across the states, lower interest rates in the West, but higher in the East. What IS a poor regulator to do? Of, course – “monitor the situation“.