CoreLogic March data captures shifting Australian property market
CoreLogic's March data shows Hobart remains Australia's strongest capital city market, while the regions are outpacing cities, and apartment prices are growing more quickly than house prices.
Regional property markets outpacing capital cities: CoreLogic
Regional property markets expanded 0.4 per cent during the three months to 30 November, while capital city markets gained only 0.2 per cent, according to the latest CoreLogic November Hedonic Home Value Index.
Sydney’s property market is clearly cooling and Melbourne’s is expected to be not too far behind however, property analyst Simon Pressley of Propertyology says a bigger boom is unfolding elsewhere.