Sydney And Melbourne Housing Values Edge Higher In June, But Values Still Trending Lower On A National Basis

According to CoreLogic head of research Tim Lawless, the June housing market results present an early sign that lower mortgage rates and improved sentiment are already having a flow-on effect for housing market conditions in Sydney and Melbourne, while most other regions of Australia continue to show relatively soft housing market outcomes.

National housing market conditions continued to improve through June, with CoreLogic reporting a 0.2% fall in national dwelling values; the…