Australian house prices falling at fastest rate since 1980s as ‘sharp’ downturn widens

CoreLogic says every capital city except Darwin fell in August, with Sydney dropping 2.2%

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Every capital city in Australia except Darwin is now in a housing downturn, according to a new report, with values falling at a trajectory not seen since the 1980s.

CoreLogic's home value index shows national housing values are falling rapidly, after rising about 29% during a period of sharp growth.