Slowdown in the rate of appreciation in dwelling values: CoreLogic RP Data

Slowdown in the rate of appreciation in dwelling values: CoreLogic RP Data
Slowdown in the rate of appreciation in dwelling values: CoreLogic RP Data

Combined capital city dwelling values are 5.3% higher for the three months to the end of August, according to CoreLogic RP Data, despite a slowing in the appreciation rate.

CoreLogic RP Data head of research Tim Lawless said dwelling values across Melbourne were 8.0% higher over the rolling quarter, and Sydney values were up 7.4%.

"Both cities have seen dwelling values trend substantially higher than other capitals, where the third highest growth rate over the three month period was Brisbane, which showed an increase in values of 2.2%," he said.

"While the three largest capital cities, together with Hobart, have all recorded growth in dwelling values over the past three months, half the nation’s capital cities have recorded a fall in values. Darwin recorded the most substantial decline in values with a fall of 3.2% over the three month period, while Perth values were down by 1.5%, Canberra values were 0.8% lower and Adelaide values are slightly lower, at 0.1%.”

 

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Slowdown in the rate of appreciation in dwelling values: CoreLogic RP Data

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Property Value Housng Growth

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