Corelogic's National Home Values in Australia Flat in January

MT Newswires Live2025-02-04

Australia's national home values barely moved in January, with the CoreLogic Home Value Index little changed, the property data provider said in a Monday report.

Dwelling values across the combined regional areas of Australia went up 0.4% to reach new record highs.

Three of the eight capitals saw home values fall, led by a 0.6% drop in Melbourne. Meanwhile, home values in Brisbane and Perth grew further, although Corelogic noted signs of a "clear and steady loss of momentum."

"Perth is now recording a slower rate of growth than Brisbane and Adelaide over the rolling quarter," said CoreLogic's research director, Tim Lawless.

"In the June quarter of 2024, growth in Perth home values was 7.1%, easing back to just 1.0% growth in the three months to January."

On an annual basis, national home values rose 4.3% in January.

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