Sydney and Melbourne property down 2%

If CoreLogic’s daily home price data prove accurate, Sydney and Melbourne property prices are both about to post a negative month. The Sydney index is today reading 1,095, down from 1,108 on 30th April, for a 1.2% fall. The Melbourne index is today reading 889, from 904 on 30th April, for a 1.6% fall. As the numbers rolled over during April, Sydney is in fact now down by 2.0% and Melbourne 2.2% from their respective mid-April highs. CoreLogic's data here:  (VIEW LINK)