{"id":20385,"date":"2019-08-02T12:30:32","date_gmt":"2019-08-02T00:30:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20385"},"modified":"2019-08-02T12:30:32","modified_gmt":"2019-08-02T00:30:32","slug":"house-prices-may-have-found-a-floor-in-july-but-no-signs-of-a-recovery-just-yet-corelogic-data-shows","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-may-have-found-a-floor-in-july-but-no-signs-of-a-recovery-just-yet-corelogic-data-shows\/","title":{"rendered":"House prices &#8216;may have found a floor in July&#8217;, but no &#8216;signs of a recovery just yet&#8217;, CoreLogic data shows"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Auction clearance rates have increased in Sydney and Melbourne to levels consistent with price rises. ABC News: Angela Lavoipierre<\/strong><\/p>\n<p class=\"first\">There are further signs Australia&#8217;s worst housing downturn in modern history may be drawing to an end, with CoreLogic&#8217;s monthly index showing further modest price rises in July.<\/p>\n<div class=\"inline-content wysiwyg right\">\n<div class=\"inner\">\n<h2>Key points:<\/h2>\n<ul>\n<li>National housing prices were flat in July, due to a fall in regional markets, but capital city prices were up<\/li>\n<li>Five out of eight capital cities posted modest price increases last month<\/li>\n<li>CoreLogic&#8217;s Tim Lawless says he does not think this recovery phase is going to be a rapid one<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The company&#8217;s hedonic home value index showed a 0.1 per cent rise across the combined capital cities last month but nationally, including regional markets, prices were flat.<\/p>\n<p>CoreLogic&#8217;s head of research Tim Lawless said, nationally, housing prices &#8220;may have found a floor in July&#8221; and it was the big east coast markets that were generally posting gains.<\/p>\n<p>&#8220;We&#8217;re not really seeing signs of a recovery just yet, but absolutely we are seeing housing prices stabilising,&#8221; he said.<\/p>\n<p>&#8220;We did see values rise last month in Sydney and Melbourne, in July we&#8217;ve actually seen that become a little more widespread \u2014 Sydney values are up 0.2 per cent, as are Melbourne values and Brisbane values, and also in Hobart and Darwin we&#8217;ve seen a subtle rise in values.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2019-08-01\/house-prices-continue-stabilisation-in-july\/11372978\">ABC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Auction clearance rates have increased in Sydney and Melbourne<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-may-have-found-a-floor-in-july-but-no-signs-of-a-recovery-just-yet-corelogic-data-shows\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478098726,478098892,478098566,478099761,478098542,478098519,478098535,478098537,478098556,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098536,478100917,478098618,478103816,478098677],"class_list":["entry","author-data123nz","post-20385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-chinese-buyers","tag-corelogic","tag-first-home-buyers","tag-hedonic-home-value-index","tag-home-loans","tag-home-ownership","tag-house-prices","tag-melbourne","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-and-melbourne","tag-sydney-property","tag-tim-lawless","tag-victoria"],"yoast_head":"<!-- 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