General
Home values continue to rise but the pace of growth loses steam in April
Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%). Although growth conditions have slowed, housing values are still rising at a rapid pace, up 6.8% over the past three months to be 10.2% higher than the COVID low in September last year.
CoreLogic’s research director, Tim Lawless, says the pace of capital gains could slow further over the coming months…
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