Core logic home value index jan 2021 final

The CoreLogic Hedonic Home Value Index reported a 1.0% increase in Australian home values in December 2020, concluding a year where values rose 3.0% despite earlier declines due to the COVID-19 pandemic. Regional areas outperformed capital cities, seeing a 6.9% increase in values, while high-density housing markets lagged behind. The report suggests that low inventory levels and strong buyer demand have driven prices up, highlighting a pending challenge as international borders remain closed and their long-term impact on housing demand is yet to be determined.