Brisbane, Adelaide hold up house prices

CoreLogic with their early new year read on housing markets:

“Housing market activity is typically very quiet through late December through to late January, however we are seeing some data flowing through that gives us an early view on activity.  Based on the early readings so far, housing values are up across each of the capital cities over the past week, however similar to the monthly trend, Brisbane and Adelaide standout with the strongest conditions.

The trend in new listings over the past four weeks is generally higher than a year ago across most markets, apart from Melbourne, Adelaide and Hobart where the four week trend in new listings is down compared with the same period a year ago.

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