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Values Still Rising, But Slowdown Expected
CoreLogic’s Home Value Index recorded a 0.9% rise in October 2023. The national index has bounced back 7.6% and is merely half a percentage point shy of the historic highs witnessed in April last year. CoreLogic’s research director, Tim Lawless, said that a nominal recovery...
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Housing Values Still Rising, Growth Slowing Down
CoreLogic’s Home Value Index recorded a 0.8% rise in September. Since a trough in January, the national index has recovered by 6.6%, but home values still remained 1.3% below the record highs from April last year. Adelaide recorded the highest capital gain for the September...
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Housing Values Rise For The Sixth Consecutive Month
Housing values rose for the sixth consecutive month in August, with the Home Value Index (HVI) increasing by 0.8%. This represents a slight uptick from the 0.7% growth observed in July. Since hitting its low point in February 2023, the HVI has increased by 4.9%, adding $34,301...
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A Resilient Recovery And Emerging Trends
CoreLogic’s Home Value Index rose 0.7% in July, marking the fifth consecutive increase in the housing recovery. Since hitting a low in February 2023, the national home value index has gone up by 4.1%, following a fall of 9.1% from the record highs in April 2022. Nationally,...
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Australian Housing Market: A Fragile Recovery Continues
It was the fourth straight month of rising housing values. CoreLogic’s Home Value Index went up 1.1% in June, falling slightly off the pace from the 1.2% gain recorded in May. The market was still 6% below its peak in April 2022, however, the equivalent of dwelling...
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A Tale Of Recovery And Uncertainty
CoreLogic’s national Home Value Index (HVI) recorded a third consecutive increase, with a pace of growth of 1.2% in May 2023. After hitting bottom in February, home values increased by 0.6% and 0.5% in March and April, respectively. Sydney Leading Housing Recovery Sydney...
Read moreNSW Surcharge Purchaser Duty: Exemptions For Foreign Buyers From Selected Nations
error Changes in federal law mean that the citizens of New Zealand, Finland, Germany, India, Japan, Norway, South Africa and Switzerland will have to pay surcharge purchaser duty if they purchase NSW property on or after 8 April 2024. Foreign buyers who purchase residential-related...
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Australian Property Market: NHFIC’s 2022-23 Report Insights
Every year, the National Housing Finance and Investment Corporation conducts comprehensive research into housing demand, supply and affordability in Australia. The NHFIC’s State of the Nation’s Housing Report 2022-23 was published on 3 April 2023. The Current State Of...
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What Caused The Rise In Australian Housing Values After 10 Months Of Decline?
After 10 months of decline, CoreLogic’s Home Value Index posted a month-on-month rise of 0.6% in March 2023. Values rose in the four largest capital cities, led by a 1.4% increase in Sydney. CoreLogic research director Tim Lawless noted that the rise was due to a mix...
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Is Australia’s Housing Market Stabilising?
CoreLogic’s Home Value Index fell 0.14% in February 2023. This is the smallest monthly drop we’ve experienced since the cash rate started going up in May last year. Sydney’s dwelling values rose 0.3%; however, other capital cities’ did go down. Hobart’s...
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