The CoreLogic-Moody's Analytics Australian Home Value Index Forecast provides a quarterly projection of residential home values across the country over the next 10 years.
This forecast is based on the CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, which provides a quarterly projection of residential home values across the country over the next 10 years.
Key points from the latest CoreLogic-Moody's Analytics Australian Home Value Index Forecast, 2017 Q1 report are as follows –
- Australia’s regional housing markets remain divergent but are expected to cool from 2018 onwards. Detached housing values across the capital cities are forecast to increase 5.6% in 2017.
- Sydney’s strong local economy is boosting housing activity, but this will slow in 2017. Detached housing values are expected to increase around 7.2% in 2017, after a 10.9% gain in 2016. Apartment values are forecast to grow 7.5%, after a 10% increase in 2016.
- Slower growth in apartment values in Melbourne relative to detached houses suggests buyers are already pricing in expected supply. Detached housing values in Melbourne are forecast to grow 7% in 2017 after an 11.3% increase in 2016, and apartment values are forecast to grow 3.4%, after a 4.6% increase in 2016.
- Perth’s housing market is showing signs that the worst is behind, and value gains could be seen in 2017. We forecast a 2.8% gain in detached housing values for 2017, after a 4.1% decline in 2016.
- Valuations in Brisbane, Hobart and Adelaide are improving, helped partly by better employment conditions. We forecast 3.3% growth in detached housing values for Brisbane this year, a 9.2% growth in Hobart and a 0.9% increase in Adelaide.
Download the report for more information.