{"id":22928,"date":"2020-01-02T13:15:44","date_gmt":"2020-01-02T00:15:44","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=22928"},"modified":"2020-01-02T13:15:51","modified_gmt":"2020-01-02T00:15:51","slug":"real-estate-records-set-in-2019-with-markets-likely-in-recovery-mode-in-2020-corelogics-2019-wrap","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/real-estate-records-set-in-2019-with-markets-likely-in-recovery-mode-in-2020-corelogics-2019-wrap\/","title":{"rendered":"Real estate records set in 2019 with markets likely in recovery mode in 2020: CoreLogic&#8217;s 2019 wrap"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO: Australia<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>EXPERT OBSERVERS<\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">2020 is likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however the&nbsp;rapid rate of capital gains seen over the second half of 2019 is expected to lose steam as stock levels rise and affordability deteriorates, according to&nbsp;CoreLogic&#8217;s Head of Research, Tim Lawless.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019 the housing market moved through the largest and longest correction on record, followed by a fast-paced rebound in values through the second half of the year.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/www.propertyobserver.com.au\/images\/2019\/12\/20\/graph%202.png\" alt=\"\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Housing turnover fell to record lows in 2019, as did new advertised stock levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interest rates reduced to levels previously unseen, while the concentration of investors in the market also plumbed new depths.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At a national level, housing values were trending lower through the first half of the year, continuing a downturn spiral that commenced in October 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">June saw CoreLogic\u2019s national housing market index reach a floor after posting the longest and largest correction in housing values on record.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.propertyobserver.com.au\/tim-lawless\/108691-real-estate-records-set-in-2019-with-markets-likely-in-recovery-mode-in-2020-corelogic-s-2019-wrap.html\">PROPERTY OBSERVER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Australia EXPERT OBSERVERS 2020 is likely to see markets<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/real-estate-records-set-in-2019-with-markets-likely-in-recovery-mode-in-2020-corelogics-2019-wrap\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":22929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478101717,478102526,478103826,478098579,478098616,478100165,478103816],"class_list":["entry","author-data123nz","post-22928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-corelogic-head-of-research-tim-lawless","tag-corelogic-property-pulse","tag-corelogics-property-market-indicator","tag-property-market","tag-property-prices","tag-property-values","tag-tim-lawless"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate records set in 2019 with markets likely in recovery mode in 2020: CoreLogic&#039;s 2019 wrap - Property News 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