Business Research & Insights

Welcome to CoreLogic’s housing market update for December 2024.

Welcome to CoreLogic’s housing market update for November 2024. Nationally, dwelling values rose a further 0.3% in October, the 21st month of growth since the cycle commenced in February last year however as we approach the end of the year, there are signs the housing market is losing momentum and conditions are becoming more diverse from region to region.

Housing availability and affordability continue to be enormous societal and policy challenges. Scalability is crucial for success.

Welcome to CoreLogic’s housing market update for October 2024. The latest housing data shows values are still rising - at least at a macro level - but the pace of growth is losing steam and conditions are becoming more diverse from region to region. National dwelling values rose +0.4% in September, the twentieth straight month of rising values at a national level.

At a high level, there is still more demand for housing than available supply, but the flow of advertised supply and demand are becoming increasingly balanced.

CoreLogic’s national Home Value Index recorded a 0.8% rise in September as the recovery trend moved through an eighth consecutive month of growth.

The national Home Value Index rose 0.8% in August marking a sixth consecutive month in this growth phase.

This article first appeared in the Australian Financial Review.

The national measure of dwelling values recorded a third consecutive rise last month, with the pace of growth accelerating sharply to 1.2%. After finding a floor in February, dwelling values nationally have increased 2.3% in the three months to May, following a 9.2% drop.

CoreLogic's national Home Value Index moved through a seventh month of decline last month with values dropping -1.0%, bringing values approximately -$53,400 below April's peak.

CoreLogic’s national home value index moved through its sixth month of decline last month, with values down a further 1.2%, taking the cumulative drop from the market peak to 6.0%.