House values in Sydney and some parts of Melbourne are expected to decline while values in Adelaide, Brisbane, Canberra, and Hobart are expected to see further growth. Values in Perth remain mixed, although some recovery is at hand in certain markets. House prices are expected to significantly diverge across Australia through the remainder of the decade, according to the CoreLogic-Moody’s Analytics Australian Home Value Index Forecast. Prices in Sydney and some parts of Melbourne will weaken, while prices in much of the rest of Australia, including Adelaide, Brisbane, Canberra, and Hobart will continue to grow, albeit at a slower pace.
Moody’s Analytics, a leading financial intelligence firm, and property data and analytics company, CoreLogic, closely track and provide forward-looking insights on Australia’s housing market. The CoreLogic-Moody’s Analytics Australian Home Value Index Forecast is updated monthly and provides projections of residential home values across the country over the next 10 years with a quarterly periodicity.
Forecasts for detached house values have been created for 85 distinct areas across capital cities and the rest of state markets. Forecasts for apartments have been created for 46 areas, covering markets across all eight capital cities. Forecasts are updated monthly to help market participants and consumers identify market opportunities and manage risk exposures.