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The Housing Recovery Is Gathering Momentum

 

CoreLogic’s national Home Value Index (HVI) marked a sixth consecutive monthly rise, up 0.8% in August.

 

Sydney is leading the recovery trend with a gain of 8.8% since values found a floor in January this year.

 

Sydney house prices are up 1.1% for the month of August alone.

 

House prices are rebounding faster than unit prices, both nationally and in Sydney. Likely as they fell further than unit prices in the most recent downturn.

 

Source: Corelogic

 

As always, if you have any questions please get in touch.

 

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