Coronavirus: Melbourne suffers worst home value losses in nation

Coronavirus has hit Melbourne’s property values harder than any other capital city in the country.

A 0.9 per cent fall in house and unit values in May made the city the nation’s worst-performing capital for the second month in a row, according to property data firm CoreLogic.

A combined 1.2 per cent dwelling value fall over the two months has brought the city’s median home value to $686,798 median.