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Housing Rebound Spreads To Perth As National Housing Values Mark Five Months Of Consistent Growth
Housing Rebound Spreads To Perth As National Housing Values Mark Five Months Of Consistent Growth 2 December 2019 Matthew Hughes Article by Core Logic, Tim Lawless Source: Core Logic December 2, 2019 Housing Rebound Spreads To Perth As National Housing Values Mark Five Months Of Consistent Growth, Taking The National Index Back Into Positive Annual Growth Territory For The First Time Since April 2018. CoreLogic’s national Home Value Index surged 1.7% higher over the month and delivered the fifth consecutive monthly increase, coupled with the largest monthly gain in the national index since 2003. Since finding its trough in June earlier this year, the national dwelling value index has recovered by 4.7%. Although values are recovering rapidly, at a national level home values remain 4.1% below their 2017 peak, tracking roughly at the same level as recorded in the January 2017 index results. Sydney and Melbourne continued to drive the rapid recovery, with values up by 2.7% and 2.2% respectively over the month. All remaining capital cities, excluding Darwin, demonstrated a broadening in the geographic scope of this upswing with values rising over the month. In a significant turn of even
Article by Core Logic, Tim Lawless Source: Core Logic December 2, 2019 Housing Rebound… Read Article