Happy New Year!
Hope you had a fantastic, safe and relaxing break.
Some great positive news through from CoreLogic – that dwelling values rose by 1.1% over December and by 4.0% over the quarter to finish out 2019 on a positive note.
This result represents the fastest rate of national dwelling value growth over any three months since November 2009!
CoreLogic also reported that despite a strong rebound over the second half of 2019, property values across most regions of Australia are still below their previous record highs.
Nationally, the CoreLogic index recorded a peak in October 2017; dwelling values remained 3.1% below their record high at the end of 2019.
If the current quarterly rate of growth persists into 2020, the national housing market will record a nominal recovery in March as dwelling values push higher to new record highs.
Property Club is at the forefront of the best properties in the best areas, best placed for this capital growth upswing – make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great properties available for Club members!
Troy Gunasekera
National Manager