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National Dwelling Values Record First Rise Since October 2017

CoreLogic Hedonic Home Value Index, released today for the month of August 2019, highlights the continued upwards trend in the market since the Federal Election, with national dwelling values increasing by 0.8% during the month. Specifically, Sydney and Melbourne experienced particularly strong value growth in August at 1.6% and 1.4% respectively, the third consecutive month of value growth in those markets.

This timely data confirms the more anecdotal evidence of the ongoing turnaround in housing market conditions since late May, with the general recovery trend appearing to gather pace.

Housing values increased across five of the eight capitals over the month, but slipped lower in Adelaide, Perth and Darwin. Across the rest-of-state regions, only Vic, Tas and NT recorded monthly increases.

For more information, check out the full report here: 

https://www.corelogic.com.au/news/national-dwelling-values-record-first-rise-october-2017

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Craig Mackenzie

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