Market Trends
Values Edge Higher Amid Holiday Slowdown
Australia’s property market continued to move upward in April, though at a slightly gentler pace than the previous month. National dwelling values rose 0.3%, easing slightly from March’s 0.4% increase. While the growth trend remains intact, the tempo has clearly slowed, with many buyers and sellers taking a wait-and-see approach amid…
Growth in 7 out of 8 Capitals
After a three-month downturn that saw values slip 0.4%, February’s 0.3% national increase signals an improving market. Gains were broad-based across most capital cities—with every capital except Darwin (down 0.1%) and Regional Victoria (no change) posting positive results. Notably, Melbourne and Hobart both recorded a 0.4% monthly rise, breaking a prolonged period of decline. Sydney also contributed with a 0.3% increase, driven by higher-end properties.
Home Values Bounce Back
After a three-month downturn that saw values slip 0.4%, February’s 0.3% national increase suggests market sentiment is improving. The rise was broad-based, with every capital city except Darwin (-0.1%) and Regional Victoria (0.0%) posting gains. Notably, Melbourne and Hobart (+0.4%) led the recovery. Melbourne's growth is particularly significant as it breaks a ten-month streak of falling home values. Sydney also saw 0.3% growth, with higher-end properties…
Values Hold Steady
Australia’s housing market remained largely unchanged in January, with national dwelling values recording only a marginal decline of -0.03%. While this suggests a level of stability, the data reveals a growing divergence between capital cities and regional markets. Across the combined capitals, dwelling values fell by -0.2%, weighed down by declines in Sydney (-0.4%), Melbourne (-0.6%), and Canberra (-0.5%). In contrast, regional markets continued to perform strongly…
A Rare Decline
The Australian property market closed 2024 with a notable shift, marking the first national decline in housing values in nearly two years. December’s -0.1% drop in CoreLogic’s Home Value Index (HVI) reflects the culmination of affordability constraints, increased stock levels, and shifting buyer sentiment. This decline, while modest, signals a broader trend of cooling momentum following an extended period of robust growth. The quarterly results mirrored this slowdown, with national…
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