Subject: Housing market splits: Perth sprints, Brisbane and Adelaide climb as Sydney and Melbourne flatten

⚡️ Highlights:

1. Housing trends in Sydney and Melbourne are flatlining, while mid-sized capitals like Perth, Brisbane, Adelaide, and Hobart continue to see solid growth rates of more than 1% month on month.

2. Perth is showing the strongest trend, with home values increasing by 2.3% in February, adding over $22,500 to the median dwelling value.

3. Low inventory levels are boosting growth in home values in mid-sized capitals, while Sydney and Melbourne are seeing a slowdown in housing conditions.

4. The more affordable end of the market is still strong, with lower quartile house values increasing in Sydney and other capital cities while upper quartile values are dropping.

5. Regional markets are outperforming the capitals, with demand more resilient due to lower price points and rising internal migration rates.

✍️ Corelogic | Full Article

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