We have received the CoreLogic April 2023 Home Value Index Report, which contains valuable information about the current state of the property market. Despite the impact of high interest rates and inflation, housing values increased by 0.6% in April. This is mainly due to a persistent low supply in the market. The April Home Value Index (HVI) by CoreLogic provides essential insights for those closely monitoring property market trends and key insights from CoreLogic Oceanic Research Director Tim Lawless. This is what he has to say about the latest HVI data.

The latest CoreLogic HVI April report highlights the remarkable resilience of the Australian property market; potential buyers are showing no signs of being deterred by interest rates as they continue to enter the market. The data from March (+0.6%) reveals an exceptional 14 months of continuous growth, bouncing back from the decline of -7.5% experienced between April 2022 and January 2023. Australia’s Property Home Value Index (HVI) has surged by 10.2%, which is equivalent to a substantial increase of around $71,832, setting new record highs consistently since November of the previous year. It is worth noting that all capital cities, except Darwin, experienced growth. Darwin experienced a slight decline of -0.2%.

Exploring the Australian Property Market: March 2024 Reports

In the dynamic landscape of the Australian property market, staying informed is crucial. Delve into the latest insights and statistics with our two exclusive Property Market Reports for March 2024.

Gain valuable perspectives as we present the data from CoreLogic Australia alongside firsthand views from our property specialists based in Sydney, Melbourne, and Brisbane. Stay ahead of the trends and make informed decisions as we dissect the intricacies of the current property market in Australia.

TE “Cheat Notes” from the CoreLogic HVI March 2024.

Housing values recorded a subtle re-acceleration in February as sentiment improved. The month saw a broad-based rise in housing values, reflected positively in CoreLogic's national Home Value Index (HVI) with a 0.6% increase. This upturn signals a potential shift in the real estate landscape for the better.

CoreLogic HVI 1st December 2023

Thank you, CoreLogic Australia, for sharing your Home Value Index (HVI) report from the 1st of December that offers insights on the Australia Property Market for November with us. In the report, the HVI rose 0.6%, the smallest monthly gain since the upswing in February 2023. Is this the first sign of a double dip after the November Interest rate Rise? Or is it a sign that, finally, there is more stock on the market, and in some capital cities, it is becoming a buyers ’ market? Let’s take a look at the stats.

Thank You, Tim Lawless, CoreLogic Australia Executive Research Director, Asia-Pacific, for diligently compiling the comprehensive and insightful September 2023 Property Report. This report presents valuable information as the latest Housing Market Update across Australia. By leveraging the housing and economic data derived from the CoreLogic Hedonic Home Value Index for August, released in September 2023, we can understand the current state of the Australian housing market.

CoreLogic Home Value Index (HVI) February 2023 - Have we hit the bottom?

CoreLogic’s Home Value Index (HVI) for February recorded a sharp reduction in the rate of decline through February.

CoreLogic Australia Home Value Index (HVI) recorded its lowest fall in property prices since June 2022. The national HVI average recorded was -1.0% for January 2023.

“The quarterly trend in housing values is clearly pointing to a reduction

in the pace of decline across most regions, however at -1.0% over the

month and -3.2% over the rolling quarter, national housing values are

still falling quite rapidly compared to previous downturns”

The Housing Value Index (HVI) weakened with CoreLogic’s national Home Value Index falling -1.1% in December, taking values -5.3% lower over the 2022 calendar year.

Melbourne, Sydney, Adelaide and Darwin all re-acceleration their downward trend led by Sydney -1.4% and Melbourne with a decline of -1.2% fall for the month. The biggest downturn was still in Brisbane, however with a slowing of the dip from -2% in November to -1.5% in December.

Thank You, Tim Lawless, Executive Research Director from CoreLogic Australia, for the December Market Report.

Tim shares his expert data research of the market and the potentially positive outlook for 2023. The stats show the seven consecutive month decline has slowed. However, there is a chance of a double dip in the market, but with employment at record lows and interest rates looking to peak in early-mid 2023, one might be able to predict a bright outlook for the Third Quarter of 2023.

CoreLogic Home Value Index (HVI) Report is out, and it has recorded six months of falls for Australia’s residential property market. Here are our six key points below;

National Decline in HVI Has Slowed.

South Australia and Adelaide are showing resilience to the recent interest rate rises as housing affordability becomes the main driver of growth in the current market.

CoreLogic - Tim Lawless, Executive, Research Director, Asia-Pacific, shares his insight on the housing market and what stage of the cycle we are currently in.