'Sharp' drop in property sentiment amid concerns for economic growth
Property industry sentiment across Australia has retreated from its post-federal election bounce to below the historical average, according to the latest ANZ/Property Council Survey for the December 2019 quarter.
Sydney and Melbourne lead early stages of housing recovery as dwelling values rise nationally over September
CoreLogic's September Home Value Index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7 per cent over the month.
Sydney has been the standout of the capital city auction markets in the first week of spring, recording a preliminary clearance rate of 83.1 per cent in the latest results from CoreLogic.
The seasonal impact of Spring may already be starting to show in the national auction market, with the latest results from CoreLogic indicating a rise in volume for the combined capital cities in the week finishing September 1.
National dwelling values increase for the first time since October 2017
The CoreLogic August Home Value Index results showed the recovery in housing values accelerated in August 2019 with national dwelling values increasing by 0.8 per cent over the month