Australian real estate outlook 2023

After falling -9.1% between May 2022 and February 2023, Australian housing values look to have bottomed out, posting a second consecutive monthly rise. CoreLogic’s national Home Value Index (HVI) increased by half a percent in April, following a 0.6% lift in March to be 1.0% higher over the past...

National home prices continued to stabilise in April after rising for the fourth consecutive month, according to the PropTrack Home Price Index. 

We’re now consistently seeing house price growth across every Australian capital city. Like every downturn, we’ve seen prices fall far less than what’s generally predicted. Housing markets almost always surprise with strength on the upside and see far less robust declines when the market turns,...

Adelaide and Hobart are the only cities showing listing growth says William Clark, Ray White Data Analyst. 

Dwelling values were higher across the four largest capital cities and most of the broad ‘rest-of-state’ regions, led by a 1.4% gain in Sydney. CoreLogic Research Director, Tim Lawless, puts the rise down to a combination of low advertised stock levels, extremely tight rental conditions...