Quarterly Review

12 December 16

The national housing market has continued to show growth over the past quarter with capital city home values increasing by a further 2.7% according to the CoreLogic Home Value Index. The increase in values has taken the total value of residential property nationally to $6.7 trillion at the end of October 2016. The annual rate of value growth has been recorded at 7.5% to October 2016 and although that is a lower rate of growth than the 10.1% a year earlier, it has trended higher from a recent low of 6.1% in July 2016 as housing market conditions have accelerated over the second half of the year in Sydney, Melbourne and Canberra.

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