Housing Values Gaining Momentum - Now is the Time to BUY!

Australian housing values are gaining momentum with falling interest rates driving renewed growth in the property market. According to the latest Cotality (previously CoreLogic) Home Value Index, national dwelling values rose 0.6% in June, marking the fifth consecutive month of growth. The June quarter saw values increase by 1.4%, up from 0.9% in the first quarter of the year.

The February rate cut was a clear turning point for the market. The first rate cut in February was a clear turning point for housing value trends, followed by an additional cut in May, and growing certainty of more cuts later in the year have further fuelled positive housing sentiment, pushing values higher.

Despite the upward trend, current growth remains modest compared to previous cycles. The quarterly growth rate of 1.4% is significantly lower than the 3.3% peak recorded in mid-2023 and the extreme 8.1% quarterly peak during the height of the pandemic.

Looking ahead, several factors are expected to shape the housing market for the remainder of the year. On the positive side, interest rates are forecast to fall further, possibly to the early 3% or even high 2% range by year's end, which should improve consumer sentiment and borrowing capacity.

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We’re here to help you make the most of today’s market changes. Whether you’re refinancing, purchasing, or investing – the right loan can make all the difference.

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Neeed any other advice, please get in touch brigid@spinfinancebrokers.com.au