September marked a striking turn in housing market sentiment; consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month, according to the Core Logic Home Value Index.
Please click here to download the full pdf report.
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.60 per cent.
National dwelling values increased by 0.6% in July, maintaining the pace of growth seen in the previous two months, based on CoreLogic’s latest Home Value Index. This represents the sixth consecutive month of growth, coinciding with the initial rate reduction implemented in February.
Australian housing values increased by 0.6% in June, representing the fifth consecutive month of growth after the -0.3% decline recorded between November and January.
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