Australian home values were up 0.4%
Posted
@ Apr 13th 2025 9:58am
- By GCPN Admin
Australian home values were up 0.4%
CoreLogic’s April Home Value Index (HVI) has been released with all the latest must-know property market metrics, including:
- Australian home values were up 0.4% in March, reversing a recent downward trend and returning to record-highs.
- The positive movement in growth was reflected in values across most capitals, except for Hobart (-0.4%). However, the pace of gains has noticeably slowed in Perth (0.2%).
- Largest capitals Sydney (0.3%) and Melbourne (0.5%) have turned a positive corner, with values rising over the past two months..
- The change in values across the different ‘price points’ has started to converge after lower priced properties led the pace of growth over the past 18 months.
- Regional housing markets (0.5%) value growth continued to outpace the combined capitals (0.4%) in March, but growth is converging as capital city gains accelerate.
- Rent values are also at record-highs, with the national rental index rising 0.6% in March.
- Gross rental yields (3.53%) are now at their highest level since 2019.
While easing monetary policy, cost of living relief, income growth, and improved sentiment may support housing activity – headwinds like a drawn-out rate cutting cycle, unaffordability, slower population growth, and cautious credit policies are likely to keep value growth contained.
Source: Corlogic.