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Key Factors
- New information finds the nationwide median dwelling worth is now $753,654.
- There was slower dwelling worth development over November.
- Melbourne recorded a 0.1 per cent decline and Sydney a weak 0.3 per cent carry.
A separate property worth index from PropTrack additionally discovered a document excessive in November.
Supply: SBS Information
But each property information outfits recorded slower dwelling worth development over the month.
Unit costs painted an identical image state-by-state, nevertheless, Brisbane recorded the biggest soar, with 9.17 per cent development year-on-year.
Supply: SBS Information
The 0.6 per cent enhance within the CoreLogic index was the smallest month-to-month achieve within the newest streak of development that kicked off in February.
Sydney dwelling costs may additionally comply with Melbourne into decline, with town’s housing market slipping into destructive development within the ultimate week of the month.
“The Melbourne Cup day fee hike has clearly taken some warmth out of the market, however different components like rising marketed inventory ranges, worsening affordability and persistently low shopper sentiment are additionally appearing as a drag on worth development in some markets,” he mentioned.
“Wanting forward, worth development is anticipated to proceed because the constructive tailwinds for housing demand and a slowdown within the completion of recent houses counter the sharp deterioration in affordability and slowing financial system,” she mentioned.
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