The big two markets of Sydney and Melbourne continue to drive a housing downturn but fresh property data shows the slump went well beyond city limits in 2018.
CoreLogic's latest Hedonic Home Value Index shows national dwelling values fell 2.3 per cent over the December quarter - the worst quarter-on-quarter decline since 2008 - with most regions of Australia recording a weaker performance as national values dropped 4.8 per cent in total in 2018.
