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…
Continue Reading
-
Noosa News24 hours agoSunshine Coast shines in tourism awards
-
General12 hours agoVote counting begins for Townsville mayoral by-election
-
Business22 hours agoWhat $10,000 invested in CBA shares could be worth in 12 months
-
Noosa News23 hours agoTrial of Rajwinder Singh, charged with murder of Far North Queensland woman Toyah Cordingley, concludes first week