CoreLogic and PropTrack have released their house price results for January with modest rises (CoreLogic) and flat results (PropTrack) recorded respectively.
CoreLogic’s dwelling values index rose by 0.4% nationally in January, with mixed results recorded across the capital cities:
Source: CoreLogic
Dwelling value growth decelerated sharply over the past quarter across Sydney and Melbourne:
Source: CoreLogic
This dragged capital city growth below the regions:
Source: CoreLogic
The next table shows the change in values since the onset of the pandemic in March 2020:
Source: CoreLogic
As you can see, hyper growth has been recorded across most markets, with Melbourne the exception.
PropTrack recorded flat growth in dwelling values in January, with “relatively unchanged since November”:
Source: PropTrack
Annual price growth is also rolling over:
Source: PropTrack
I am tipping minimal price growth until the RBA commences its easing cycle later in the year.
