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"The actual rate of decline has been easing over the past three months. National dwelling values are down 0.6% in March which was the smallest of the month-on-month declines since values fell by 0.5% in October last year.
While the pace of falls has slowed in March, the scope of the downturn has become more geographically widespread. Dwelling values were down across six of the eight capital cities over the month.
National dwelling values have been trending lower for seventeen months and have fallen by a cumulative 7.4% since peaking in October 2017. Despite the broad based weakness, the national index remains 15.9% higher relative to five years ago, highlighting that most property owners remain in a strong equity position."
Combined regional -0.4%
Combined capitals -0.7%
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