CoreLogic Home Value Index Report November 2024: Sydney home values slip in October as the national market cooldown continues.

Monthly Home Value Index Changes are as follows:

• Sydney -0.1% REG NSW +0.5

• Melbourne -0.2%, REG VIC -0.2%

• Brisbane +0.7%, REG QLD +0.8%

• Adelaide +1.1%, REG SA +1.3%

• Perth +1.4%, REG WA +1.4%

• Hobart +0.8%, REG TAS +0.7%

• Darwin -0.1%,

• Canberra -0.3%

• Combines Capitals +0.2%, Combines REG +0.6%, National +0.3%

Thank you, CoreLogic, for sharing your Home Value Index Report with our community. The key points from the report are below.

Australian house prices rose by 0.7% in June, totalling an 8% increase for FY2023-24. This equals a $59,000 rise to a typical house price of $794,000. The yearly increase sharply differs from the -2% fall in FY2022-23. In that period, values dropped by 7.5% nine months after May 2022 due to higher cash rates. Despite the yearly increase, growth rates have slowed since mid-2023, with the recent June quarter seeing a 1.8% increase, similar to last year's March and December quarters. Here is the monthly change for each capital city and regional area;

• Sydney +0.5% and REG NSW +0.3%

• Melbourne -0.2% and REG VIC -0.3%

• Brisbane +1.2% and REG QLD +1.0%

• Adelaide +1.7% and REG SA +1.3%

• Perth +2.0% and REG WA +1.5%

• Hobart +0.1% and REG TAS +0.7%

• Darwin 0.0% NA

• Canberra +0.3%

CoreLogic Property Pulse Report is out - The Gap widens between house and unit values

Factors like land value, scarcity, and the need for more space during the pandemic have caused house prices to increase much more than unit prices in the last four years. Fast forward almost four years later to March 2024, and that premium has jumped to 45.2% or $293,950.

CoreLogic HVI 1st December 2023

Thank you, CoreLogic Australia, for sharing your Home Value Index (HVI) report from the 1st of December that offers insights on the Australia Property Market for November with us. In the report, the HVI rose 0.6%, the smallest monthly gain since the upswing in February 2023. Is this the first sign of a double dip after the November Interest rate Rise? Or is it a sign that, finally, there is more stock on the market, and in some capital cities, it is becoming a buyers ’ market? Let’s take a look at the stats.

CoreLogic Australia Home Value Index (HVI) recorded its lowest fall in property prices since June 2022. The national HVI average recorded was -1.0% for January 2023.

“The quarterly trend in housing values is clearly pointing to a reduction

in the pace of decline across most regions, however at -1.0% over the

month and -3.2% over the rolling quarter, national housing values are

still falling quite rapidly compared to previous downturns”

CoreLogic Home Value Index (HVI) Report is out, and it has recorded six months of falls for Australia’s residential property market. Here are our six key points below;

National Decline in HVI Has Slowed.

South Australia and Adelaide are showing resilience to the recent interest rate rises as housing affordability becomes the main driver of growth in the current market.

CoreLogic - Tim Lawless, Executive, Research Director, Asia-Pacific, shares his insight on the housing market and what stage of the cycle we are currently in.

“Australian dwelling values fell by -1.3% in July, marking the third consecutive month CoreLogic’s national Home Value Index has fallen. After national dwelling values surged 28.6% through the pandemic growth phase, values are now -2.0% below April’s peak.”

Tim Lawless - CoreLogic Australia

Corelogic Australia March Home Value Index (HVI) is out, and we have some interesting findings to share with you. Here are our key points from Executive Research Director, Asia Pacific Tim Lawless's March Report.

THE EXPATRIATE was lucky enough to catch Core Logic Tim Lawless Executive, Research Director, Asia-Pacific, and have put together key points from the Core Logic March Report.

“Growth in Australian housing values continues to lose steam as Sydney records first decline in 17 months.”