Premium properties continue to lead housing rebound

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CoreLogic’s latest dwelling values release showed that the premium end of the market suffered the biggest declines in the year to August, but have also led the recovery over recent months:

To add more colour, below is CoreLogic data examining price growth across the three broad market segments – bottom 25%, middle 50% and top 25%. This also shows that the most expensive properties have shown the most improvement, and are leading the nascent price recovery.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.