Sydney home values slip in October as market cooldown continues - CoreLogic
CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year, says CoreLogic’s research director Tim Lawless.
Ray White Queensland celebrate the 2023-24 annual awards held at the Royal International Convention Centre in Brisbane, showcasing the efforts of the Ray White members over the year.
Over the past decade, regional Australia has witnessed a remarkable surge in house prices, with an overall increase of 91.6 per cent says Atom Go Tian, Ray White Group Senior Data Analyst.
Three capital cities record a fall in home values - Corelogic
While headline growth rate remains positive, three capitals recorded a decline in values over the past three months with Melbourne falling -0.9%, said Tim Lawless.
Sales volumes in Australia have risen as buyers get used to high interest rates and the fear of missing out (FOMO) compels them to purchase before home values escalate further. By John McGrath, Chief Executive Officer of McGrath Estate Agents.
John McGrath –With falling rates overseas, when will the RBA cut rates here?
Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates.
John McGrath – Australian cities among the top global prestige markets
Prestige property in Perth and the Gold Coast recorded price growth above the global average in 2023, with the Asia Pacific being the strongest-performing region for global luxury real estate values.
