February Market Update February’s interest rate cut reversed the fortunes of the median house prices with a small uptick last month. The latest figures from CoreLogic showed a 0.3% gain across Australia. But CoreLogic’s research director Tim Lawless says that the growth probably has more to do with sentiment than any material changes in the market. “The rate-cutting cycle is very fresh and...
October Market Update The median national house price rose 0.3% in October, marking the 21st month in a row in the winning streak for property owners according to new data released by CoreLogic. But the modest gain was not felt evenly across the country with Sydney joining Melbourne and dropping 0.1%. On the good news front, the Illawarra was up slightly at 0.1% and put on 4.4% year on year for a...
August Market Update National home values continued their upward march for the 19th consecutive month by putting on 0.5% in August, however according to data by CoreLogic, the rate of growth is slowing. It what will be welcome news to first home buyers trying to save a deposit, that quarterly growth was half of what it was in the same quarter last year. "Ultimately that trend is slowing, and you...
July Market Update In the 18th consecutive rise, house prices added 0.5% nationally to the average dwelling which now stands at $798,207. But according to CoreLogic Head of Research, Tim Lawless, there are signs that the momentum we’ve seen in previous years could be tapering off. “We're definitely seeing some momentum coming out of the market and a lot more diversity from city...
June Market Update The end of June marks the end of another financial year, and across the country the median home price stood at $794,000 up a respectable 8% year on year. That’s according to the latest data released by CoreLogic. Head of Research, Tim Lawless, said the result flew in the face of bad headlines as low supply continued to prop up the market. “The persistent growth...
May Market Update The May market update represents the end of the spring market and while there have been strong overall results across Australia’s regions with the national media price up 0.3% for the month, the Illawarra really is a tale of two cities. While places like Kanahooka, Horsley and Kembla Grange continue to post modest gains roughly in line with the rest of the...
This month's market update New data by research company CoreLogic showed that the Home Value Index rose by 0.6% in April, continuing a fifteen-month streak of positive returns for the Australian property market. Overall, housing has put on 11.1% since January 2023. The median house dwelling now stands at $779,819. CoreLogic Head of Research Tim Lawless says that an easing of prices in the near...
This month's market update CoreLogic’s Home Values Index (HVI) rose for the 14th straight month in March, adding 0.6% to the national median house price. But the gains have been felt unevenly across the country. While Perth put on a strong showing by rising a bumper 1.9% over the month, Melbourne prices declined by 0.2%. Regional areas put on 0.6% for the month, while Sydney came in at 0.3% for...
This month's market update House prices continued what appears to be their relentless creep north after 0.6% was added to the median dwelling price in February, according to CoreLogic data. That puts the median value at $1.4 million in Sydney. In the strongest monthly gain since October last year, Corelogic Head of Research Tim Lawless says that values have been bucking cost of living pressures,...
This month's market update Real estate prices continued their upward march with CoreLogic’s national house price index rising 0.4% across the nation for the first month of the new year. The market also put on another record with the difference in the price between a house and a unit blowing out to 45.2%. CoreLogic Head of Research Tim Lawless says, “Since the commencement of the upswing,...
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