Search ASX code:
Generic filters

Boom! Australian House Prices Just Rebounded

CoreLogic’s monthly house price data and Australian home value index showed big rebounds in the Australian property market during the first month of spring.

House Prices: September Results Just In

CoreLogic is a research firm that monitors residential and commercial property prices across Australia. The Home Value Index combines recent sales data with information about the attributes of individual properties.

According to CoreLogic, this allows them to distinguish between price changes due to property attributes and price changes due to underlying residential property conditions.

In September, national dwelling values rose 0.9%, led once again by Sydney and Melbourne, which both saw increases of 1.7%.

Canberra prices were up 1%, while Brisbane prices increased by 0.1%. Adelaide was flat and Perth, Hobart and Darwin each recorded declines in property values.

Over the last three months, Sydney prices are now up 3.5% and Melbourne prices are up 3.4%.

CoreLogic head of research Tim Lawless suggested prices may be returning to record highs.

“Although housing values are now consistently tracking higher, at least at a macro-level, the national index remains 6.8% below the October 2017 peak, indicating that buyers still have some time to take advantage of improved housing affordability before values return to record highs,” he said.

What Does This Mean For ASX Investors?

ASX shares in all four of the big banks have opened slightly higher this morning, with Westpac (ASX: WBC) and Commonwealth Bank (ASX: CBA) leading the way. ASX-listed real estate investment trusts (REITs) like Dexus (ASX: DXS) and Goodman Group (ASX: GMG) have also opened higher.

Banks, REITs and builders could continue to benefit if house prices continue their current trend. One other impact is that high house price growth could be a factor the Reserve Bank of Australia considers today when making an interest rate decision. Growth this high may be enough to see the RBA hold off on another cut.

If a rate cut comes anyway, the three dividend shares in the free report below might begin to look even more appealing.

Disclosure: At the time of writing, Max does not have a financial interest in any of the companies mentioned.

Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

Note: the report is 100% free.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

Enter your email below to access this report for free, including the names, ticker codes and analysis.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.