CoreLogic Economic Review: April quarter data highlights extraordinary growth and activity in housing market
CoreLogic has released its latest Quarterly Economic & Property Market Review which provides a comprehensive overview of housing market performance through the start of 2021.
As of April 2021, the combined value of the Australian housing market climbed to $8.1 trillion, and the CoreLogic Home Value Index was 7.6% above its previous high in October 2017. Western Australia and the Northern Territory were the only state and territory where dwelling market values were not at record highs. However, low interest rates, more favourable migration trends and an uplift in mining activity is supporting a recovery in many markets across these regions.