House prices resilient, transactions rebound
Capital city median house prices dipped slightly in May for the first month-on-month decline in a year, but markets were nonetheless resilient with transactional activity starting to bounce back.
Home values have performed better than expected as Australia emerges from the COVID-19 crisis. Photo: Shutterstock (Image source: Shutterstock.com)
Capital city median house prices dipped slightly in May for the first month-on-month decline in a year, but markets were nonetheless resilient with transactional activity starting to bounce back.
CoreLogic’s Home Value Index showed a national median house price decline of 0.4 per cent in May, with five of eight capital cities recording a fall in values.
Darwin experienced the largest fall, at 1.6 per cent, followed by Melbourne (-0.9 per cent),…
