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ABC News
ABC News
Business
Claudia Williams and Jason Dasey

REVEALED: Australia records largest drop in house and unit values within one year corelogic data shows - The Real Truth

CoreLogic Australia Tim Lawless Sydney Melbourne Adelaide Brisbane Perth
Houses and units that were worth more than $1 million last year may have dropped by about 15 per cent over the past year in some urban areas. (ABC News: John Gunn)

Australia has recorded its largest decline in property values on record, with values dropping by 7.9 per cent in a year and the median value of dwellings in more than 200 suburbs dipping below $1 million. 

That is according to the latest CoreLogic data, which shows Sydney recorded the largest decline in values for houses and units, at 13.4 per cent. 

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