Property Prices Start Moving Higher

Oct 4, 2020

The latest CoreLogic data for September is out and has seen six of the countries eight major capital cities increase in value.

In September, dwelling values increased in Perth (0.2%), Canberra (0.4%), Hobart (0.4%), Brisbane (0.5%), Adelaide (0.8%), and Darwin (1.6%).

Values in Sydney fell by just 0.3%, while importantly auction clearance rates continue to remain strong.

The lowest in house prices during September continues to be in Melbourne, on the back of the second set of lockdown measures.

Interestingly, the cumulative loss to date during the COVID period has been just 2.8% according to CoreLogic, however, there are many areas that are higher than their pre-COVD levels.

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