CoreLogic daily home value index
QTR ON QTR
YR ON YR
*incl Gold Coast
The patented CoreLogic Daily Home Value Index is part of the suite of housing market indices produced by CoreLogic. Since the launch of Hedonic Home Value Indices in 2007, CoreLogic established a new quality benchmark for accurately measuring value changes across the Australian housing market.
The CoreLogic Daily Home Value Index aims to measure daily movements in the value of Australian housing markets. Rather than relying solely on transacted sale prices to provide a measure of housing market conditions, the CoreLogic Daily Home Value Index is based on a ‘hedonic’ methodology which includes the attributes of properties that are transacting as part of the analysis.
Understanding factors such as the number of bedrooms and bathrooms, the land area and the geographic context of the property allows for a much more accurate analysis of the true value of movements across specific housing markets. This method also allows for compositional change in consumer buying patterns when measuring capital gains.
The CoreLogic Daily Home Value Index provides daily capital growth measurements for all dwellings, including both houses and units. The index results are released daily for Sydney, Melbourne, Brisbane (including Gold Coast), Adelaide, Perth and the combined capitals, which is a composite of these cities. Historical back series are available on a subscription basis.
All of CoreLogic’s hedonic indices such as the CoreLogic Daily Home Value Index, as well as any other products based on the hedonic methodology, are revised each month for 12 months inclusive following the initial reported date. In the case of the reported daily indices, these are revised along with the standard month end indices. Each day’s result is not directly recalculated, but results across the month are adjusted for the daily series to be inline with the monthly results.
Copyright and disclaimer notices for research reports
In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information.
* Note: Index values for Canberra, Hobart, Darwin and Brisbane excluding Gold Coast, can be found in Monthly Movements. Qtr and Yr changes are rolling 3 & 12-month respectively. Day-to-day movements in the daily CoreLogic Home Value Index can be impacted by a variety of factors including the flow of transaction data and market events. We urge caution in interpreting daily movements of the index and recommend utilising the daily series to update market trends rather than emphasising short term movements. Use of the daily CoreLogic Home Value Index is subject to the CoreLogic Disclaimers located at: https://www.corelogic.com.au/about-us/copyright-disclaimer.
Based on or contains data provided by the State of Queensland (Department of Resources) 2020-2023. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.
New South Wales Data
Contains property sales information provided under licence from the Land and Property Information (“LPI”). CoreLogic is authorised as a Property Sales Information provider by the LPI.
The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
South Australian Data
© 2023 Copyright in this information belongs to the South Australian Government and the South Australian Government does not accept any responsibility for the accuracy or completeness of the information or its suitability for purpose.
Western Australian Data
Information contained within this product includes or is derived from the location information data licensed from Western Australian Land Information Authority (WALIA) (2023) trading as Landgate. Copyright in the location information data remains with WALIA. WALIA does not warrant the accuracy or completeness of the location information data or its suitability for any particular purpose.