Declines in the combined value of all property sold will accelerate this year as lower prices spread nationally, dragging down the total, conveyancing platform PEXA said as it published new settlements data.
Transaction data from the ASX-listed operator shows the downturn that hit the east coast-dominated housing market in the second half of the year pulled the value of all residential and commercial settlements to $674.5 billion from $688 billion in 2021.
Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
