1. CoreLogic’s national Home Value Index (HVI) increased by 0.8% in August, marking the sixth consecutive monthly rise.
2. The recovery trend in housing values is broad-based, with every capital city except Hobart recording a rise in dwelling values. Brisbane led the gains with a 1.5% increase, followed by Sydney and Adelaide with 1.1% increases.
3. House values have shown a sharper recovery trend compared to unit values in most capital cities. House values are up 6.3% since bottoming out in February, while unit values have risen by 4.9%.
4. Regional housing markets have mixed conditions, with values decreasing in non-capital city regions of NSW and Victoria, rising in regional Queensland and SA, and remaining relatively flat in regional WA and Tasmania.
5. Areas of the Gold Coast and Sunshine Coast, particularly Coolangatta, have seen significant capital gains in the past three months due to strong internal migration and housing demand in these areas.