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Dwelling Values Fall Across Six Of Australia’s Eight Capital Cities In January
CoreLogic today released its January hedonic home value index results which, at a national level, revealed a fall of 0.3% for the month, led by a 0.9% fall in Sydney dwelling values.
The national combined dwellings index posted a modest 0.3% fall in January, taking dwelling values 0.7% lower since their recent peak in September last year. Dwelling value falls were most evident across the capital city regions, with the combined capitals index down half a per cent over the month, while the combined regional areas of Australia continued to see values edging higher, up 0.2% in January. The combined regional markets have now recorded a stronger monthly change in values relative to the combined capital cities over each of the past four months.