Australian housing values move into recovery mode

Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise.  The lift in home values was broad based, with every capital city apart from Melbourne posting a rise in values over the month.

Index results as at October 31, 2020

Over the month dwelling values increased by more than 1% in each of the smallest four capital cities with…