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A Resilient Recovery And Emerging Trends
CoreLogic’s Home Value Index rose 0.7% in July, marking the fifth consecutive increase in the housing recovery. Since hitting a low in February 2023, the national home value index has gone up by 4.1%, following a fall of 9.1% from the record highs in April 2022. Nationally,...
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Australian Housing Market: A Fragile Recovery Continues
It was the fourth straight month of rising housing values. CoreLogic’s Home Value Index went up 1.1% in June, falling slightly off the pace from the 1.2% gain recorded in May. The market was still 6% below its peak in April 2022, however, the equivalent of dwelling...
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A Tale Of Recovery And Uncertainty
CoreLogic’s national Home Value Index (HVI) recorded a third consecutive increase, with a pace of growth of 1.2% in May 2023. After hitting bottom in February, home values increased by 0.6% and 0.5% in March and April, respectively. Sydney Leading Housing Recovery Sydney...
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NSW Surcharge Purchaser Duty: Exemptions For Foreign Buyers From Selected Nations
error Changes in federal law mean that the citizens of New Zealand, Finland, Germany, India, Japan, Norway, South Africa and Switzerland will have to pay surcharge purchaser duty if they purchase NSW property on or after 8 April 2024. Foreign buyers who purchase residential-related...
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Australian Property Market: NHFIC’s 2022-23 Report Insights
Every year, the National Housing Finance and Investment Corporation conducts comprehensive research into housing demand, supply and affordability in Australia. The NHFIC’s State of the Nation’s Housing Report 2022-23 was published on 3 April 2023. The Current State Of...
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What Caused The Rise In Australian Housing Values After 10 Months Of Decline?
After 10 months of decline, CoreLogic’s Home Value Index posted a month-on-month rise of 0.6% in March 2023. Values rose in the four largest capital cities, led by a 1.4% increase in Sydney. CoreLogic research director Tim Lawless noted that the rise was due to a mix...
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Is Australia’s Housing Market Stabilising?
CoreLogic’s Home Value Index fell 0.14% in February 2023. This is the smallest monthly drop we’ve experienced since the cash rate started going up in May last year. Sydney’s dwelling values rose 0.3%; however, other capital cities’ did go down. Hobart’s...
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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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