Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
Australia’s Housing Market Regains Momentum With 3rd Consecutive Month of Growth
Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
Australian House Prices Grow Again After Dropping for 10 Straight Months
Australian house prices have regained their growth momentum in March after falling for ten consecutive months due to the impact of interest rate hikes. According to real estate data provider CoreLogic, national home values climbed by 0.6 percent in March. This is the first positive result following the 8.5 percent drop in house prices since…
Australia’s Home Value Downturn Continues to Ease in November
Australia continued to see a downward trend in home values in November, but the pace of decline also slowed down, with the smallest monthly drop recorded since June. According to the latest home value index from real estate data provider CoreLogic, house prices across Australia fell by one percent on average in November, down from…
Australian Housing Prices Continue 5th Consecutive Month of Decline
Home values across Australia dropped for the fifth month in a row in September as interest rate hikes continued to affect the housing market. According to real estate data provider CoreLogic, its national home value index fell 1.4 percent in September, following a 1.6 percent decrease in August. Among the capital cities, Sydney saw the…
Housing Downturn Spreads Across Australia as Home Values Tumble in August
Australian housing values fell for the fourth consecutive month in August as interest rates continued to hike, marking the sharpest drop in nearly four decades. According to real estate data provider CoreLogic, national home values dipped by 1.6 percent to $738,321 (US$500,000) during the month, with the downturn observed in every capital city except Darwin….
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