CoreLogic’s national Home Value Index posted a 0.3% rise in February, breaking the short and shallow downturn that lasted just three months and dragging the national measure of home values – 0.4% lower. The February rise was subtle, but broad based, with every capital and ‘rest-of-state region except Darwin (-0.1%) and Regional Victoria (flat) recording…
The pace of growth in Adelaide home values has been more resilient than most markets, although the rate of growth is easing. With a 0.7% rise in values in January and up 1.8% over the past three months, Adelaide has overtaken Perth to record the highest rate of growth across the capital cities. highest rate…
Home values continue to trend higher across Brisbane, but the pace of gains has noticeably cooled. January’s 0.3% rise was the smallest since February of 2023 as higher stock levels, lower population growth and affordability constraints support a slowdown in conditions. The softer conditions are most evident across higher price points, with upper quartile dwelling…
After a period of spectacular but unsustainable growth in home values, Perth’s property boom has eased sharply with a rise of just 0.4% in January. Over the past three months, values are up 1%, well down on the 7.1% gain recorded over the June quarter last year. The slowdown in value growth has been accompanied…
Sydney’s housing market moved through a fourth straight month of declining values, with the market down 0.4% in January to be 1.7% below the record high set in September last year. House values have fallen more substantially than units, down 1.9% and 1.2% respectively from their peak levels. The weaker conditions coincide with higher advertised…
Melbourne home values recorded a 10th straight month of decline in January, down 0.6% to be 3.3% lower over the past 12 months. Since peaking in March of 2022, Melbourne home values have now fallen by a cumulative 6.9% or approximately 58,000 in dollar terms. The 2% in values over the past three months is…
As we enter February 2025, dwelling values across Australia remain steady, with a softer trend of housing conditions persisting. National dwelling values saw a 0.2% fall in capital cities, while regional markets continued to thrive, with values rising 0.4% across the capitals. Sydney’s housing market has recorded a fourth straight month of declining values, with…
After the most aggressive rate hiking cycle on record, the RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates. Australia…
A new analysis from CoreLogic shows that the typical home built in 2010 or later is twice as energy efficient compared to homes built before 2010. The analysis, part of the new report ‘Amped Up: How energy efficient are Australian homes?, shows that homes built after 2010 achieved an estimated median star rating of 5.9 out…
The hopes for a December rate cut were slim leading into today’s meeting, with financial markets giving just a 6% chance of a rate cut in December. That’s not surprising given the rise in the monthly inflation indicator through October to 3.5%, alongside ongoing tightness in labour markets, where the unemployment rate has held around…