Welcome to CoreLogic’s housing market update for December 2023.
CoreLogic’s national Home Value Index held steady in October, confirming a cooling trend in housing market conditions.
The easing in growth conditions is being led by a sharp slowdown across the Sydney market, where dwelling values fell for the second month in a row.
Both the combined capitals index and the combined regional markets index returned a flat reading over the month, however, regional dwelling values are down 0.1% over the most recent rolling quarter while capital city values were 0.4% higher.
The latest figures take the annual growth rate across the combined capital cities down to 7.0%; the lowest annual change since December 2016 when the first round of macro-prudential changes were still working their way through credit policies and interest rates had earlier been lowered by 50 basis points which subsequently led to a rebound in value growth in early 2017.
Take a look at the national update or your capital city update by clicking on the relevant link below:
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.