Home value recovery tipped to reach new high

RESIDENTIAL PROPERTY

HOUSE prices across Australia continued to recover for the eight consecutive month and at the current rate of growth, it is expected to reach new nominal high by...

CoreLogic’s national Home Value Index (HVI) rose by 0.8% in September, which follows a 0.7% lift in August, taking the quarterly figure to...

CoreLogic’s research director, Tim Lawless at the current rate of growth, the national HVI recovery will likely reach a new nominal high by the end of...

“We have already seen dwelling values reach new record highs in Perth and Adelaide. Brisbane looks set to reach a new record high in...

The September quarter saw Adelaide recording the highest capital gain at 4.3%, followed by Brisbane at 3.9% and Perth at 3.6%. Hobart bucked the trend with...

Since finding a trough in January, the national index has recovered by 6.6%, however home values remain 1.3% below record highs recorded in...

“The three capitals recording the highest capital gain each have advertised supply levels that are around 40% below their previous five-year average...

The Corelogic data suggests the premium market is slowing. After leading the recovery cycle, the quarterly rate of growth across upper quartile...

“This shift is partly attributable to the lower value capitals such as Perth and Adelaide recording a faster rate of growth, however even in these cities it is the...

“In the more expensive cities, Sydney and Melbourne, the broad middle of the market is now recording the highest growth rate after previously being led by...

Meanwhile regional markets continue to the capitals, rising by a modest 1.1% in the September quarter, compared to the capital city market of 2.5%...

Lawless said softer housing conditions across regional Australia looks to be more demand-driven, with the estimated number of home sales 6.5% lower than...

“In contrast, the estimated volume of home sales across the combined capital cities was 1.9% higher than a year ago and 6.3% above the...

Most regional markets are also showing relatively low advertised supply levels which has been enough to place some upwards pressure on values...

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