Home values rise for a 5th month
Home values were up 0.7 per cent in July, and up 2.9 per cent over the quarter, with the quarterly gains up led by Sydney (up 4.5 per cent) and Brisbane (4.2 per cent).
Source: CoreLogic
The most interesting part of CoreLogic's release revealed that although new listings have increased somewhat, total stock listings were still trending lower through July.
Source: CoreLogic
City apartments are leading the rental price increases now.
Sydney unit rents were up 17.8 per cent over the year, but are looking a bit peaky now.
Source: CoreLogic
The rental crisis story isn't over yet, though.
It's more likely to be a rolling crush over the next few years.
Source: CoreLogic
CoreLogic's full monthly report can be found here.
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Separately PropTrack released its July home price index, with Brisbane prices rising to new highs, but Sydney prices remaining -2 per cent below their February 2022 highs.
Source: PropTrack
The full PropTrack report is here.
