Australia's most expensive suburbs suffer biggest property value drops during COVID-19

Some of the richest suburbs in Melbourne and Sydney have lost the most value from their properties as COVID-19 restrictions impact the Australian economy. New research from property research firm CoreLogic has revealed that the most expensive markets in Sydney and Melbourne are leading the nation's property downswing, falling 0.6 per cent and 1.3 per cent respectively. The suburb that suffered the deepest drop was Mandurah in Perth, falling 2.2 per cent since March 31.

Read more: https://www.9news.com.au/national/australia-property-prices-covid19-the-suburbs-where-house-prices-have-fallen-most/b8d56630-5397-445d-94a4-8878a52abde6