House of Cards: The Unraveling of Australia's Property Market Recent figures from Cotality reveal that $40,000 has been wiped off the average house value over winter.
This decline is more than a minor blip on the radar; it signals that rising property values are no longer a given.
Data shows that 93% of properties in capital city suburbs have fallen in value during winter, with Sydney leading the charge and Melbourne close behind. The median house value has dropped to $990,394, down from $1.