Pete Wargent Daily Blog: Wheels coming off out west

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Tuesday, 21 August 2018

Wheels coming off out west

One wheel off/axle broken

Sharper dwelling value falls now happening in a Western Sydney near you.

Chart art brought you via Cameron Kusher of CoreLogic.

Source: CoreLogic

Follow @cmkusher for top draw analysis.

I discussed the risks of Blacktown, Parramatta, the Hills District, and some Western Sydney suburbs in a bit more detail in this February 2017 podcast special with Business Insider.

Prices are now down by more than 10 per cent in the Hills District SA4.

Median prices are also down by 8 per cent in Blacktown, and 7 per cent in Parramatta.

More to follow...