CoreLogic RP house price data for April shows a jump of 1.7% m/m

  • (prior was +0.2%)
  • +3.3% over the first four months of 2016

Comments from CoreLogic/RP:

  • Across the country, housing market trends remain mixed
  • The improvement in the rate of capital gains has been 'broad-based' during 2016
  • Every capital city except Perth recording a lift in dwelling values over the calendar year to date
  • "While we've seen capital gains moderate substantially after peaking last year in Sydney and Melbourne, dwelling values continue to trend higher, just not as fast."


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While not FX, these comments on one particular sector of the real estst market may be of interest to Aussies:

  • CoreLogic's Settlement Risk report shows a huge 31,000 apartments due to settle across Melbourne's inner city and almost 17,500 units in inner Brisbane
  • "The risk may have been exacerbated in recent weeks with three of the big four banks reportedly limiting the extent to which they are willing to lend to non-residents"

(Via AFR)

Such a huge supply coming on line may very well be good news for inner Melbourne and inner Brisbane buyers looking for a lower price