Property prices across the country are continuing their recovery, as value rose 0.5% in April following a 0.6% rise in March, according to the latest data from CoreLogic.
After ten straight months of declines, national home prices have rebounded 0.6% in March, ahead of the RBA’s decision to hold interest rates steady at this month's policy meeting.
The declines in property prices have slowed down for now, with the latest data from CoreLogic showing the smallest monthly fall since May 2022.
Property price falls across the country are starting to slow down, despite the RBA continuing to lift interest rates.
Home prices across the country have ended the year down 5.3%, the largest decline since 2008.
Home prices fell for the seventh straight month in November, with values down 1% across the country, however, the good news for homeowners is that the rate of decline is slowing down in some areas.
The broad-based fall in property prices continued in October with all capital cities seeing values decline.
Property prices across the country have continue to slow down, with the latest data from CoreLogic showing national values declined 1.3% in the last month.
Price growth across the country has continued to slow down last month with the latest CoreLogic Home Value Index (HVI) showing that values dipped -0.6% in June.
While many people assume the property market across the country rises and falls in sync with one another, the reality is that the values in each state, and even each suburb move at slightly different rates.
Housing markets across the country continue to see slowing rates of growth while on a national level, prices fell by -0.1% according to new data from CoreLogic.
There’s no doubt that one of the key drivers of the incredibly bullish 2021 property market was interest rates sitting at record low levels.
Property prices across the country saw another increase in value last month, however, the rate of increase continues to slow down.
Property prices across Australia have continued to move higher in March led by the smaller capital cities.