+
Australia Sees 0.6% Rise in April Home Prices: CoreLogic
Real Estate

Australia Sees 0.6% Rise in April Home Prices: CoreLogic

In April, home prices in Australia experienced a 0.6% increase, according to data from CoreLogic. This uptick underscores the resilience of the Australian real estate market amidst ongoing economic and global uncertainties.

The rise in home prices reflects sustained demand for residential properties in Australia, supported by factors such as low interest rates, government incentives, and improving consumer confidence. Despite challenges posed by the COVID-19 pandemic, the housing market continues to demonstrate resilience and stability.

CoreLogic's data indicates a positive trend in Australian home prices, signalling confidence among buyers and investors in the country's property market. The increase in home values contributes to homeowners' equity and supports economic recovery efforts.

The 0.6% rise in home prices for April underscores the attractiveness of the Australian housing market as an investment destination, both domestically and internationally. It highlights the ongoing strength of the sector and its importance as a driver of economic growth and stability.

Overall, CoreLogic's report on the increase in Australian home prices reflects the buoyancy of the real estate market and the positive outlook for the housing sector in the country. Despite external challenges, the resilience and robustness of the Australian property market continue to attract interest and investment from various stakeholders.

In April, home prices in Australia experienced a 0.6% increase, according to data from CoreLogic. This uptick underscores the resilience of the Australian real estate market amidst ongoing economic and global uncertainties. The rise in home prices reflects sustained demand for residential properties in Australia, supported by factors such as low interest rates, government incentives, and improving consumer confidence. Despite challenges posed by the COVID-19 pandemic, the housing market continues to demonstrate resilience and stability. CoreLogic's data indicates a positive trend in Australian home prices, signalling confidence among buyers and investors in the country's property market. The increase in home values contributes to homeowners' equity and supports economic recovery efforts. The 0.6% rise in home prices for April underscores the attractiveness of the Australian housing market as an investment destination, both domestically and internationally. It highlights the ongoing strength of the sector and its importance as a driver of economic growth and stability. Overall, CoreLogic's report on the increase in Australian home prices reflects the buoyancy of the real estate market and the positive outlook for the housing sector in the country. Despite external challenges, the resilience and robustness of the Australian property market continue to attract interest and investment from various stakeholders.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?