The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
10
print
Print
OtherSun 15 Apr 18

Expensive Homes Face Greatest Value Slowdown

2c9972a4-b878-40b2-8d68-3058b6c40204

The value of Australia’s most expensive homes is slowing more rapidly than middle-market or affordable homes.

National dwelling values experienced a modest 0.5 per cent fall over the March quarter, which was primarily driven by the market slowdown for Australia’s most expensive properties.

As has been the case in other recent housing market slowdowns, the most expensive sector of the market is slowing more rapidly, according to CoreLogic’s stratified hedonic home value index.

Related reading: Australian Home Loan Approvals are Looking Up

“The most affordable properties increased in value by +0.7 per cent compared to a +0.3 per cent increase across the middle market and a -1.1 per cent decline across the most expensive properties,” CoreLogic research analyst Cameron Kusher said.

“Over the past year, dwelling values within the least expensive quartile increased by +0.7 per cent, middle 50 per cent values were +2.7 per cent higher and top 25 per cent values were +0.1 per cent higher.”

Over the past 12 months, Sydney recorded the most expensive properties with the largest value falls at -5.7 per cent.

Brisbane’s middle-valued suburbs recorded the strongest growth (+1.1 per cent) followed by fairly similar growth rates across the most affordable suburbs (+0.9 per cent) and the most expensive suburbs (+0.8 per cent).

While Melbourne values increased over the past year across each segment of the market, with the most moderate increases recorded across the most expensive segment (+1.6 per cent), while the most affordable suburbs have recorded double-digit growth (+11.3 per cent).

Related reading: Housing Crash ‘Remains Unlikely’: AMP Capital

Perth values fell across each market sector with the largest declines across the most affordable properties (-4.4 per cent) followed by the middle market (-3.2 per cent) with the most expensive properties recording the most moderate value falls (-2.4 per cent).

“The data highlights, that particularly within the housing markets which have recorded the strongest value growth over recent years (Sydney and Melbourne) that growth across the premium housing sector is slowing more rapidly than the other sectors,” Kusher said.

“This mirrors the experience in other recent housing market slowdowns whereby it is the most expensive suburbs which slow first and have experienced the larger downturns.”

ResidentialAustraliaSector
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
Sponsored

Carpet Zones Bring Clarity to Open Layouts

Partner Content
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
The proposal rising 20 storeys and comprising 119 units is part of a renewed vanguard pushing residential density to new…
LATEST
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
2 Min
Interiors

Carpet Zones Bring Clarity to Open Layouts

Partner Content
4 Min
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/expensive-homes-face-greatest-value-slowdown