CoreLogic’s national Home Value Index (HVI) was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February

[im911]

The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne. https://www.corelogic.com.au/news-r...ousing-values-as-Sydney-and-Melbourne-decline

 

[dfaithfulservant]

@im911 So if melb stays flat for another 2-3 months and bris keeps up its pace they’ll be on par. Wonder if we’ll get mass exodus from qld to Vic as people search for cheaper housing down south?

 

[homeowner]

@dfaithfulservant Melbourne median dwelling price is suppressed by apartments. If you look at houses only the difference is greater - 1.1m vs 900k

At the current rates yeah bris will catch up at some point maybe next year, but not within the next few months

 

[edadma]

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This post was mass deleted and anonymized with Redact

 

[theobvioushero]

@im911 Australia's housing market is up this month, and up more than last month.

Who could have predicted this... Hang on...

 

[shaynaleab]

@im911

Our estimate of sales activity through the March quarter is 39% lower than a year ago in Sydney.

 

[ibnuk]

@n0bodee We just bought a house this week. The banks have already raised their fixed and variable interests so much that we had to reduce the amount we were willing to borrow for a house significantly. We were looking at the 1.2mil mark and instead bought for under 1.

 

[bernicefaith]

@n0bodee And mortgages have been getting more expensive in general, because their int funding costs have risen.

 

[sniffles1973]

@shaynaleab It could go either way.