CoreLogic Home Value Index records first national fall since September 2020, as declines accelerate across Sydney and Melbourne in May
CoreLogic’s Research Director Tim Lawless said despite the 0.5% rise in housing values across Australia’s combined regional areas, it was not enough to keep the national index in positive monthly territory
The primary drivers for the turnaround in housing market performance were Sydney and Melbourne, where values have ticked higher over the past two months, taking values 0.3% off their floor in Sydney and 0.4% higher in Melbourne.
"It's disappointing": New report finds housing affordability is down
Tasmania was the hardest hit as housing affordability declined across the country, according to research from the Real Estate Institute of Australia (REIA) and Adelaide Bank.
House price drops in Sydney and Melbourne not as "dramatic" as we are led to believe
While house prices in Sydney and Melbourne led the way in value declines across the nation according to CoreLogic's June Home Value Index, the price drops aren't as dramatic as what is being reported, experts say.
