The fall in million dollar sales over the past year reflects the overall weaker housing market conditions and the fact that higher valued properties have typically recorded the greatest value falls.
Overall, the latest housing finance data is mirroring other indicators such as auction clearance rates and the CoreLogic Home Value Index, which highlight early signs of improved housing market conditions.
With the recent release of the quarterly consumer price index (CPI) data for June 2019, we’ve updated our analysis of real (inflation-adjusted) changes in dwelling values.
CoreLogic Mapping the Market Report indicates decline in affordable housing "much less severe"
CoreLogic head of research Cameron Kusher said the geographical context of the housing market provides a relevant perspective on the performance of the housing market and the spatial distribution of housing values.
Home sales stabilising, with Adelaide market trending above decade average - CoreLogic
Although sales volumes are lower on an annual basis, monthly sales volumes have risen from recent lows, according to CoreLogic research by analyst Cameron Kusher.
