Australian dwelling values fell half a percent last month as the pace of home value declines continued to ease.

Overall market sentiment (measured by NAB’s Commercial Property Index) fell 11 points to -2 in Q1 2019 – its first negative read in over 4 years.

Deterioration in conditions in most states, with current momentum negative. Household sector weakness evident, investment still ok (outside mining), while agri. facing easing prices and needs rain. Housing sector downturn, population growth centred on the eastern states, agricultural prices easing.

Australia recently experienced one of its largest booms on record in residential investment, driven by new construction as renovations to existing homes inexplicably languished. The Weekly analyses.

NAB’s view is that prices will decline further over the next year or so – led by further declines in Sydney and Melbourne. We also see the adjustment continuing in an orderly manner, with prices remaining well up on 5 years ago.

While the pace of falls has slowed in March, the scope of the downturn has become more geographically widespread.

The Weekly explores falling house prices – how do they compare with history and international experience?

Just what did Australia think of the Federal Budget? From industry bodies to media, we count down 10 of the most interesting reactions.

Days out from the Federal Budget, there have already been several leaks about what it could hold. Here’s the low-down on what to expect.

National dwelling values have returned to levels last seen in September 2016, and values have fallen over fourteen of the last sixteen months.

National dwelling values were down 1.0% over the month, which was the thirteenth monthly fall over the past fifteen months.

In this Weekly, we delve further into the ins and outs of the Australian housing sector.

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