CoreLogic RP Data Daily Home Value Index: Monthly Values*
|
City |
All Dwellings |
Houses |
Units |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Index value | % Change YoY | % Change MoM | Month End Value | % Change YoY | % Change MoM | Month End Value | % Change YoY | % Change MoM | |
Monthly Movements
The CoreLogic Home Value Index is part of the suite of housing market indices produced by CoreLogic. Since being launched in 2007, the Index has established a new benchmark for measuring value changes across the Australian housing market.
The Home Value Index aims to measure month to month 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 Home Value Index is based on a ‘hedonic’ methodology which is trained on transacting properties, and then imputes a value for each observable property in an area. The imputed value takes into account the attributes of individual properties 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 true value movements across specific housing markets. This method also allows for compositional change in consumer buying patterns when measuring capital gains.
The Home Values Index provides monthly capital growth measurements across three broad housing types: detached houses, units and a combined dwellings index that includes both houses and units. The Index results are released on the first business day of each month and are available on a subscription basis.
All of CoreLogic’s hedonic indices, as well as any other products based on the hedonic methodology, are revised each month for 12 months inclusive following the initial reported date. This revision ensures the longevity of the historical index values by incorporating all relevant transactions into historical figures as they become available.
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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: 5 capital city aggregate includes Sydney, Melbourne, Brisbane (inc. Gold Coast), Adelaide and Perth. Month and Year Changes are updated monthly and calculated as at the end of each calendar month respectively.
Queensland Data
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.
Victorian Data
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.
Tasmania
This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:
a. give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and
b. do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.
Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au
Australian Capital Territory Data
The Territory Data is the property of the Australian Capital Territory. Any form of Territory Data that is reproduced, stored in a retrieval system or transmitted by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) must be in accordance with this agreement. Enquiries should be directed to: Manager, Customer Services Environment, Planning and Sustainable Development Directorate. GPO Box 158 Canberra ACT 2601.
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.