CoreLogic - Australian Housing Values - 1, February 21
A brief summary of the recent CoreLogic Hedonic Home Value Index for February 2021
- Housing values continue to rise as of early 2021
- Regional housing rising at twice the pace of capital city markets
- Houses are increasing faster than units
- National home sales 23.9% higher over the last 3 months compared to the same time last year
- Housing activity on the rise, but listings numbers still well below average, putting upward pressure on the property values
- It's a seller's market right now
- Mortgage-related valuations 27% higher than this time last year
- A weaker rental market through the early part of 2020 (Covid-19) is starting to level out
- The property market started with a bang in 2021 and is expecting prices to continue to rise throughout the year
- Low-interest rates which are supporting the housing recovery are expected to remain low for the foreseeable future
Comments
No comments made yet. Be the first to submit a comment
By accepting you will be accessing a service provided by a third-party external to https://dmconline.com.au/