CoreLogic Home Value Index rises 1.6pc in March quarter, adding around $12k to dwelling values

Dwelling values rise

CoreLogic released its latest housing price figures. which showed further solid increases for the March quarter:

Source: CoreLogic

CoreLogic found that overall, housing markets have shaken off interest rate rises to record solid gains over the past year of +9.7 per cent for the capital cities, and +6 per cent for the combined regional markets.

 

Rents also accelerated, adding +2.8 per cent for the March quarter, which was the fastest increase since the 3 months to May 2022 (+2.9 per cent).

There's a bit of a seasonal element to this, but overall rents are recording large increases in Perth, Brisbane, Adelaide, Melbourne, and Sydney:

Source: CoreLogic

You can find the CoreLogic monthly report here. 

Separately, Australia's ASX 200 is trading at a record level of above 7,900.

This is great news for super funds, and Australia's household wealth will notch another record high in the first quarter of 2024 at around $16 trillion.

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