Australian Housing Market Update: November 2017

CoreLogic’s national Home Value Index held steady in October, confirming a cooling trend in housing market conditions.

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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.

Transcript:  Australian Housing Market Update: November 2017 (Word, 18kb)

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