Capital city dwelling values rise by 0.2% in November as housing growth cycle clicks over 4.5 years of growth
01 December 16
The CoreLogic November Hedonic Home Value Index results out today show a rise in dwelling values across every capital city excluding Melbourne over the month. However, CoreLogic head of research Tim Lawless noted that the overall growth rate has moderated when compared with recent months’ performance.
Throughout November, capital city dwelling values rose by 0.2%. While the headline results remained in positive growth territory, the monthly capital gain reading was also the softest result since December 2015 when capital city dwelling values were unchanged over the month. The combined regional areas of Australia showed a weaker result with house values falling by 0.2% over the month.
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