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Housing Values Take A Smaller Hit
CoreLogic’s Home Value Index fell 1% in January 2023. This was the smallest month-on-month decline since June 2022. The reduction in the rate of decline was evident in most capital cities, except for Adelaide (-0.8%) and Perth (-0.3%), where housing values have been more steady...
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Housing Values 5.3% Lower In 2022
CoreLogic’s Home Value Index fell 1.1% in December 2022, which took values 5.3% lower over the 2022 calendar year. That result for the 12 months to December marked the largest calendar year decline since 2008, when values were down 6.4% during the Global Financial...
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Housing Values Experience Smallest Decline Since June 2022
CoreLogic’s Home Value Index recorded a seventh straight month of decline in November 2022, falling 1%. Although values have continued to fall, the rate of decline has been moderating since it dropped by 1.6% in August. Despite the decline, housing values surged 28.6% higher...
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Geographic Scope Of Australia’s Housing Value Decline Broadens
CoreLogic’s Home Value Index recorded a sixth straight month of decline in October, falling 1.2%. All eight capital cities and most rest-of-state regions (excluding regional south Australia) recorded a drop. The month-on-month decline ranged from a 2.0% fall in Brisbane...
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Housing Value Decline Eases In September
CoreLogic’s Home Value Index recorded a fifth straight month of decline in September 2022, falling 1.4%. While housing values trended lower, the rate of decline did ease from August 2022’s 1.6% fall. Adelaide and Perth experienced a mild reduction in their values...
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Australian House Prices Experience Biggest Monthly Fall Since 1983
CoreLogic’s Home Value Index recorded a fourth straight monthly decline in August 2022, falling 1.6%. This is the largest month-on-month decline since 1983. Every capital city except for Darwin experienced a housing downturn. Sydney led the downswing, its values fell...
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Housing Value Decline Comparable To 2008 Financial Crisis
CoreLogic’s Home Value Index recorded a third straight monthly decline in July 2022, falling 1.3%. Five of the eight capital cities experienced a decline during the month. Sydney and Melbourne’s home values fell 2.2% and 1.5%, respectively. Home values in Brisbane...
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House Values Fall For The Second Month In A Row
CoreLogic’s Home Value Index recorded a second straight monthly decline in June, falling 0.6%. Dwelling values in Sydney and Melbourne fell 1.6% and 1.1%, respectively. The values in Hobart and regional Victoria fell 0.2% and 0.1%, respectively, in June. Every capital...
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