March 10, 2023
Australian housing market update: March 2023
A subtle 0.3% rise in Sydney dwelling values was the most significant driver of the national deceleration, however, the loss of downwards momentum was broad-based.
Last month our national Home Value Index recorded a 0.1% decline, the smallest monthly drop since rates started rising in May last year and the first time we saw the monthly pace of decline fall below 1% in seven months.
A subtle 0.3% rise in Sydney dwelling values was the most significant driver of the national deceleration, however, the loss of downwards momentum was broad-based.
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