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Using ABS housing finance data to July, we can see how different buyer cohorts are reacting to the market downturn.

Using ABS housing finance data to July, we can see how different buyer cohorts are reacting to the market downturn.

Australian home values continued to trend higher in April with CoreLogic’s national Home Value Index (HVI) rising 0.6%.

There were 2,685 homes taken to auction across the combined capital cities this week, compared to 1,819 over the previous week (ANZAC Day long weekend) and 2,902 this time last year.

There were 1,952 auctions held last week, roughly on par with the week prior (1,985), but returning a lower preliminary clearance rate of 72.7% (75.9% the previous week revising down to 67.0% once finalised).

Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital

Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital

Plezzel had a big year in 2023, and at CoreLogic we take pride in the monumental achievements we've achieved for our clients. Take a look

As widely expected, the Reserve Bank of Australia (RBA) lifted interest rates by another 50 basis points today. The fourth rate hike in as many months, today’s decision takes the cash rate from an emergency low of 0.1% to 1.85%.

Overall, market conditions do not determine whether it is a “good” time to buy your first home.