Property Market Update
Melbourne’s Property Market: Recovery Underway
Metropolitan Melbourne and regional Victoria are currently in the third stage of the government’s COVID-19 recovery plan. Following a series of lockdowns designed to bring the COVID-19 outbreak under control, Victorian real estate is slowly moving back towards “business as...
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Australian Property Market Update: October 2020
After five months of decline, the national home value index finally moved back to a positive in October 2020. According to CoreLogic, the index shows a rise of 0.4%. Every capital city in Australia, except for Melbourne, recorded a rise in their values over October 2020. Source:...
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Australia Property Market Update: August 2020
CoreLogic reveals that Australia’s property market is experiencing a fourth consecutive month of COVID-induced price falls, with home values dipping by 0.4% in August. However, home values for the 12 months to August 31, 2020, are still 5.8% higher than in 2019. Even where...
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Australia Property Market Update: July 2020
It is the third consecutive month of decline for Australia’s property values. CoreLogic’s home value index dropped 0.6% over July 2020 and the median property value is $552,912. Sydney and Melbourne are still leading the decline in home values at 0.9% and 1.2% respectively....
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COVID-19 Property Market Update: Where Are Prices Falling?
The impact of COVID-19 on the housing market is milder than anticipated. Home values are not crashing and there is a recovery in transactional activity since sales plummeted in April 2020. Australia’s property market experienced its second consecutive monthly fall, bringing...
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Is It A Buyer’s Market?
While experts were forecasting that the property prices would fall between 5% and 30%, the data also has to account for the lower demand and the limited supply of stock in the market as well. While the pandemic did cause a huge drop in listing volumes and transaction activity,...
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Property Market Update – February 2020
Properties Across Australia Reach Record High According to CoreLogic’s national Home Value Index released in March 2, 2020, housing values surged by 1.1%. This month has a significant increase as the values across five of Australia’s eight capital cities reaches a record...
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Property Market Update – January 2020
All capital cities experience upward trajectory Australia’s housing market is still going through a rebound, with a 0.9% increase in the home value index during the month of January. The Australian house market continued its upward rise in January 2020 across all capital cities...
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Australian Property Market Update 2020: All Eyes On Sydney & Melbourne
Sydney dwelling values rose by 6.2% during the fourth quarter of 2019, followed closely by Melbourne dwelling values, which increased by 6.1% — a very good sign for the Australian property market. Housing markets in both Sydney and Melbourne gained momentum in the Australian...
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