National home value index rises at its fastest pace in 32 years

Corelogic and MMJ Blogger
National home value index rises at its fastest pace in 32 years

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month.

 

Sydney led the pack for capital gains in March, with values surging 3.7% over the month and 6.7% higher over the first quarter of the year.

 

According to CoreLogic’s research director, Tim Lawless, “The last time Sydney housing values recorded a quarterly trend this strong was in June/July 2015. Following this brief surge, the pace of growth rapidly slowed as limits on investor lending kicked in to slow the market.” 

Read More  //   Corelogic  - National home value index rises at its fastest pace in 32 years 

 

 Market Appraisal Square 

 

Recent articles
commercialrealestate.com.au , Joel Wald and MMJ Real Estate Melbourne | 12 days ago

‘Strong appetite’: buyers of strip shops seem unfazed by Melbourne’s fourth lockdown

MMJ Blogger | 33 days ago

What did the Federal Budget bring for property?

AFR , commercialrealestate.com.au and MMJ Blogger | 2 months ago

Crane numbers reflect changing housing demand

Corelogic and MMJ Blogger | 2 months ago

National home value index rises at its fastest pace in 32 years