Image credit: BEYOND 21 Real Estate Gilgandra
Housing data provider, CoreLogic has reported the first monthly decline in housing prices for almost two years, but while this decline dragged the quarter into negative territory, for the rest of 2024 prices remained strong.
In fact, they reported an annual increase in Australian home values of 4.9 per cent in 2024, adding approximately $38,000 to the median value of a home.
CoreLogic’s research director, Tim Lawless, said the December decline in values is no surprise…