CoreLogic’s national measure of housing values rose by 1.1% in January, up 10 basis points from the December result, when the national index was up 1.0%, but well down from the peak rate of 2.8% in March last year. Early indications are showing that the housing market is started the year with a similar trend to what we saw late last year. Values are continuing to rise, but nowhere near the rate, we experienced in early 2021. A softening in growth conditions have been influenced by less government stimulus, rising fixed-term mortgage costs, and worsening housing affordability making it more difficult for people to enter the market.
Australian Property Market Review - January 2022
Australian Property Market Review - January…
Australian Property Market Review - January 2022
CoreLogic’s national measure of housing values rose by 1.1% in January, up 10 basis points from the December result, when the national index was up 1.0%, but well down from the peak rate of 2.8% in March last year. Early indications are showing that the housing market is started the year with a similar trend to what we saw late last year. Values are continuing to rise, but nowhere near the rate, we experienced in early 2021. A softening in growth conditions have been influenced by less government stimulus, rising fixed-term mortgage costs, and worsening housing affordability making it more difficult for people to enter the market.