Australia's CoreLogic home value index at the 5-city aggregate level rose by 0.9 percent in July 2023, following a 1.3 percent gain in June. This marks the fifth consecutive month of increase in home prices, which can be attributed to a sustained squeeze on housing supply, despite further interest rate rises and weak turnover. Among the major capital cities, Brisbane and Adelaide experienced the most substantial price growth rates, with a 1.4 percent increase during the month in both cities. Perth followed closely behind, with a gain of 1.0 percent. Additionally, prices in Sydney and Melbourne also increased by 0.9 percent and 0.3 percent, respectively. source: CoreLogic, Australia
CoreLogic Dwelling Prices MoM in Australia averaged 0.47 percent from 1980 until 2023, reaching an all time high of 4.40 percent in July of 1980 and a record low of -8.10 percent in November of 1980. This page includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM. Australia CoreLogic Dwelling Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.
CoreLogic Dwelling Prices MoM in Australia is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia CoreLogic Dwelling Prices MoM is projected to trend around 0.10 percent in 2024 and 0.60 percent in 2025, according to our econometric models.