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Australia's housing value rebound continues into 2020

Latest stats show housing values rose across every capital city in January

Australia’s housing value rebound continued into 2020 with the CoreLogic national home value index up by 0.9% over the first month of the year.

This now takes the annual growth rate to 4.1%; the fastest pace of growth for a twelve month period since December 2017.

Housing values rose in January across every capital city and rest-of-state region, apart from regional South Australia, where values held firm over the month.

This demonstrates a broader recovery trend which originally began in Sydney and Melbourne midway through 2019, and gradually spread to other areas of the country.

Across the capital cities, Sydney and Melbourne continued as the leaders for capital gains after recording more substantial declines during the recent downturn.

Values increased by 1.1% and 1.2% over the month respectively, while Hobart (+0.9%) achieved a higher growth rate relative to most other regions.

The remaining capital cities generally saw a mild rise in values over the month.

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