Original article by Nila Sweeney
The Australian Financial Review – Page: 31 : 22-May-24

Data from CoreLogic shows that house prices in some of the more expensive suburbs in Sydney and Melbourne rose by up to seven per cent in the three months to April. The median house price in Sydney’s upper north shore suburb of Gordon increased by 7.1 per cent, after falling by 1.4 per cent in the previous three months. Melbourne suburbs that recorded strong price growth include Kew East, Brighton and Camberwell. Tim Lawless from CoreLogic says it is not surprising that house prices in premium suburbs have risen, given that they have fallen in recent months.

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Original article by Nila Sweeney
The Australian Financial Review – Page: 29 : 19-Jan-23

Data from CoreLogic shows that dwelling values fell in more than eight out of 10 suburbs across Australia in the last three months of 2022. Some 98 per cent of Sydney suburbs recorded a fall in house prices in the December quarter, down from 100 per cent in the September quarter; the value of units fell in 93.2 per cent of suburbs in the harbour city, compared with 95.7 per cent of suburbs in the September quarter. Likewise, house prices fell in 98.4 per cent of Melbourne suburbs (also down from 100 per cent in the three months to September), and unit values fell in 78.8 per cent of suburbs (down from 88.4 per cent in the previous quarter).

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Original article by Nila Sweeney
The Australian Financial Review – Page: 35 : 24-Aug-22

CoreLogic has identified 11 inner suburbs of Sydney in which the median house price is now lower than prior to the COVID-19 pandemic. The list is headed by Darlinghurst and Surry Hills, where the median price has fallen by 6.7 per cent and 6.5 per cent respectively since March 2020. The median house price in 46 inner suburbs of Melbourne has also fallen since the onset of the pandemic. This includes a 14.2 per cent decline in South Melbourne and a 12.3 per cent fall in St Kilda. Eliza Owen of CoreLogic says prices in more suburbs are likely to fall below pre-COVID levels as the housing market downturn gathers pace.

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Original article by Mackenzie Scott, Remy Varga
The Australian – Page: 1 & 6 : 15-Feb-19

New data shows that just 649 suburbs across Australia now boast a median house price of $1m, compared with 741 in January 2018. There are now 366 suburbs in New South Wales where the median price exceeds $1m, while there are 129 such suburbs in Victoria. Nerida Conisbee, the chief economist at realestate.com.au, says price rises in recent years were unsustainable and some suburbs simply did not belong in the million-dollar price bracket.

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