General
House prices rise nationally in November, with further gains expected for 2021, says CoreLogic
House prices have continued to rise nationally in the face of the coronavirus-driven recession.
Key points:
- House prices rose nationally in November, lifting by 0.8 per cent for the month and 3.1 per cent for the year
- While dwelling prices are up, values of apartments in capital cities are falling due to the lack of international students
- CoreLogic analysts expect house prices to further lift in 2021, labelling it a “seller’s market”
Property analysts no longer expect 10 to 20 per cent declines in house prices, and expect that if the virus remains under control in Australia prices will rise more by early next year.
After gains in October, CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values…
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