New data from CoreLogic has revealed the suburbs where house prices are dropping most rapidly around the country.
Victoria’s market is mostly represented in these weakening areas
1. Terrey Hills, NSW
The biggest decline belongs to Terrey Hills in Sydney’s north, where values dropped 2.3 per cent in the past quarte
2. Flinders, Victoria
In Flinders on the Mornington Peninsula, house prices dropped 4.3 per cent in the past quarter
3. Bilgola Plateau, NSW
Bilgola homes dropped 4.8 per cent in the past year
4. Mount Eliza, Victoria
Home values in Mount Eliza have fallen 4.8 per cent in the past year and 4.7 per cent
5. Palm Beach, NSW
Palm Beach homes are the most expensive on this list, at over $3.2 million on average.
6. West Hobart, Tasmania
Home values shrank by 4.6 per cent in the past year for West Hobart
