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, Eliza Owen, Head of Research Australia at CoreLogic, for sharing the latest Property Pulse Report. It explores the unit markets in Melbourne and Sydney, revealing 65 areas where 2024 values are lower than their peaks in 2010, indicating "The buyer’s markets where no one wants to buy.”

CoreLogic Home Value Index (HVI) released October 1st 2024.

Thank you, CoreLogic Australia, for sharing the Home Value Index September housing market results with the expatriate community. The HVI reported that Australian home values increased by 0.4% in the first month of spring, similar to the changes of 0.3% in July and August as the market slows down.

1. Perth +1.6% Regional WA +1.8%

2. Adelaide +1.3% Regional SA +1.1%

3. Brisbane +0.9% Regional QLD +0.7%

4. Sydney + 0.2% and Regional NSW +0.2%

5. Melbourne -0.1% Regional VIC -0.2%

6. Darwin -0.1%

7. Canberra -0.3%

8. Hobart -0.4% Regional TAS -0.2

Cut through all the hype surrounding the housing market, and ensure you are well-informed before you go house hunting this weekend. Discover the Peaks and the Troughs of each capital city’s real estate landscape before you embark on your house-hunting journey with the latest information and explore how much stock is currently available in your chosen capital city, if there is vendor discounting to put you in the best possible position when purchasing or selling your next property. You can find this invaluable information conveniently compiled in the easy-to-follow CoreLogic Australia Media pack, which can greatly aid your decision-making process and help you make smart decisions. The media includes the following data:

• 3 Month Rolling Averages for each capital city, with housing cycles.

• Sales Volumes for each Annual transaction

• Median days on the market

• Vendor Discounting

• Listings in each region and why it is putting pressure on or discounting prices.

• Weekly auction clearance rates.

• Rental markets and Rental Yields.

• Dwelling Housing approvals

• Finance and lending, including investor lending and first home buyers, housing credit

• Chart of the month.

The latest CoreLogic HVI April report highlights the remarkable resilience of the Australian property market; potential buyers are showing no signs of being deterred by interest rates as they continue to enter the market. The data from March (+0.6%) reveals an exceptional 14 months of continuous growth, bouncing back from the decline of -7.5% experienced between April 2022 and January 2023. Australia’s Property Home Value Index (HVI) has surged by 10.2%, which is equivalent to a substantial increase of around $71,832, setting new record highs consistently since November of the previous year. It is worth noting that all capital cities, except Darwin, experienced growth. Darwin experienced a slight decline of -0.2%.

Exploring the Australian Property Market: March 2024 Reports

In the dynamic landscape of the Australian property market, staying informed is crucial. Delve into the latest insights and statistics with our two exclusive Property Market Reports for March 2024.

Gain valuable perspectives as we present the data from CoreLogic Australia alongside firsthand views from our property specialists based in Sydney, Melbourne, and Brisbane. Stay ahead of the trends and make informed decisions as we dissect the intricacies of the current property market in Australia.

Thank you, CoreLogic, for sharing your national Home Value Index (HVI) report and key insights on the Australian Housing market with our community.

The 1st November report recorded that the national HVI rose a further 0.9% in October, accelerating from a 0.7% rise in September (revised down from 0.8%).

Thank You, Tim Lawless, CoreLogic Australia Executive Research Director, Asia-Pacific, for diligently compiling the comprehensive and insightful September 2023 Property Report. This report presents valuable information as the latest Housing Market Update across Australia. By leveraging the housing and economic data derived from the CoreLogic Hedonic Home Value Index for August, released in September 2023, we can understand the current state of the Australian housing market.

CoreLogic AU - HVI +0.7 August 2023 Growth Easing in Regions, SYD - New Listings Rising.

Finally, buyers have some stock returning to the market, with growth in Sydney’s stock level is up +18%. Regions are also experiencing an easing in HVI as new listings are rising. The nation experienced its 5th consecutive growth month in CoreLogic Australia Home Value Index HVI on August 1st, with dwelling prices increasing nationally by +0.7%, with Cities recording +0.8%, and regional growth slowing to+0.2%.

The lift in HVI, from the flat February -0.1% has been most evident across the blue-chip suburbs in the market, +2.0% in March, and the upper quartile of the Sydney unit market also followed this trend and was + 1.4% for the month.

Here are the HVI in order from best - lowest performers from the Capital Cities for Median Dwelling Value (MDV)

Sydney +1.4% MDV - $1,014,393

Melbourne +0.6 % MDV - $747,322

Perth +0.5% MDV - $567,111

Brisbane +0.1+ MDV - $698,071

Adelaide -0.1 MDV - $645,721

Darwin -0.4 MDV - $492,465

Canberra -0.5 MDV - $828,175

Hobart -0.9 MDV - $650,689

CoreLogic Home Value Index (HVI) February 2023 - Have we hit the bottom?

CoreLogic’s Home Value Index (HVI) for February recorded a sharp reduction in the rate of decline through February.

The Housing Value Index (HVI) weakened with CoreLogic’s national Home Value Index falling -1.1% in December, taking values -5.3% lower over the 2022 calendar year.

Melbourne, Sydney, Adelaide and Darwin all re-acceleration their downward trend led by Sydney -1.4% and Melbourne with a decline of -1.2% fall for the month. The biggest downturn was still in Brisbane, however with a slowing of the dip from -2% in November to -1.5% in December.

Thank You, Tim Lawless, Executive Research Director from CoreLogic Australia, for the December Market Report.

Tim shares his expert data research of the market and the potentially positive outlook for 2023. The stats show the seven consecutive month decline has slowed. However, there is a chance of a double dip in the market, but with employment at record lows and interest rates looking to peak in early-mid 2023, one might be able to predict a bright outlook for the Third Quarter of 2023.

We have four expert perspectives sharing their opinions about the Australian Property Market. First up from Buyers Agents Chris Gray Your Empire Sydney, Lauren Staley infolio Melbourne, Zoran Solano Hot Property Buyers Agency Brisbane and CoreLogic’s Research Director Asia Pacific Tim Lawless.

CoreLogic Home Value Index Report June.

"CoreLogic Home Value Index records the first national fall since September 2020, as declines accelerate across Sydney and Melbourne in May" -

Key Points from CoreLogic April Home Value Index (HVI) Report.

The data from the April HVI Report highlights Sydney -0.5%, Melbourne - 0.1% Australia's largest capital cities recorded their 1st negative Home Value for the 1st Quarter since the height of the COVID19 lockdowns in October 2020. Hobart has also recorded its first monthly negative Home Value of -0.3%. Nationally for the Quarter, Australia's Home Value grew by +1.9%, and +0.6% for the month.

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.