Australian housing values rose 1.5% last month, a similar result to August and September. However, the trend shows the market is continuing to slowly lose momentum since moving through a peak monthly rate of growth in March 2021, when values were up 2.8%.

Australian housing values rose 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

Despite many parts of the country remaining in some level of lockdown, the housing boom continued to roll on, with national home values rising another 1.5% last month.

Although the pace of housing growth has slowed, values continue to rise at a rate that is well above average across most areas of the country.

Housing market ended the financial year on a high note. Despite another month of strong gains, there are signs that some heat is coming out of the market

CoreLogic’s national Home Value Index up 2.2% in May – a stronger result compared with the 1.8% lift in April.

Housing values are still rising at a rapid pace, up 6.8% over the past three months to be 10.2% higher than the COVID low in September last year.

The national home value index recorded a 2.8% rise, the fastest rate of appreciation since October 1988.

Real estate businesses were justifiably anxious in early 2020. A year later they have good cause to celebrate. So how did we get here and can it last?

Momentum continued to build across Australian housing markets last month, as values rise at the fastest rate in seventeen years.

Housing values continued to rise through the first month of 2021

Australia’s housing market continued to recover, with dwelling values up 0.8% over the month.

Office demand hit by increased work from home.

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