5 Jan 2023

New report reveals more detail on property market downturn

From Morning Report, 8:46 am on 5 January 2023

A new house price report shows the end of the property market downturn is further away than predicted.

CoreLogic's latest House Price Index says interest rate rises in the first half of this year will most likely lead to ongoing weakness in the market.

After significant growth in 2021, last year saw the largest annual decline since 2009, during the Global Financial Crisis.

Charlotte Cook spoke to Nick Goodall, head of research at CoreLogic