Hedonic Home

Value Index
EMBARGOED: 0:01am, Tuesday 1st April

Australian home values recover to new record

highs in March
Australian property values reached new heights in March, capitals, the pace of gains has slowed noticeably,
reversing a recent downward trend, according to especially in Perth, where downward revisions over recent
CoreLogic’s national Home Value Index. Values increased months have put values slightly below peak levels (-0.05%)
0.4% over the month, the second consecutive month of from October last year. Perth home values have led the
growth in the national index, following a short three-month five-year upswing among the capitals, rising 75.4% since
decline where values dipped 0.5%. March 2020.
The monthly rise in values was broad-based, with every The change in values across the different ‘price points’ – or
capital city except Hobart recording a positive change, value tiers - has started to even out. Following a clear out-
along with each of the rest-of-state regions. The monthly performance from the lower quartile of the market since
change across the capitals ranged from a 1.0% gain in mid-2023, the rate of change across the value segments is
Darwin to a -0.4% fall in Hobart. starting to converge. This was most apparent in Sydney
where upper quartile values have increased by 0.6% over
“Improved sentiment following the February rate cut is likely the past three months compared with a 0.3% rise across the
the biggest driver of the turnaround in values, along with the lower quartile.
cut’s direct influence of a slight improvement in borrowing
capacity and mortgage serviceability,” said Tim Lawless, Earlier research demonstrated that relatively expensive
research director for CoreLogic, which will soon rebrand to markets have historically shown stronger responses to
Cotality. reduced cash rate settings, especially houses in Sydney and
Melbourne. Most of the remaining capitals continue to see
“With the rate-cutting cycle expected to be drawn out, it will the lower quartile record a higher rate of change relative to
be interesting to see if this positive inflection in values can the upper quartile, however, the gap is getting smaller.
last in the face of affordability constraints.”
Regional markets continue to outperform the capitals, with
Sydney and Melbourne, which have the largest weighting in the combined regionals index rising 0.5% compared with a
the Home Value Index, look to have turned a positive corner, 0.4% gain seen across the combined capitals. However, the
with values across both cities rising over the past two growth trajectory looks to be converging as the capital city
months. trend accelerates and the regional trend holds steady.
Following a -2.2% decline between September ‘24 and Across the regional SA3 level sub-markets, the strongest
January ‘25, Sydney home values remain just -1.4% below growth conditions continue to be skewed towards areas of
their record high. In Melbourne, where the downturn has regional WA and Queensland. The Mid-West of WA, which
been long-running following the March 2022 peak, values includes Geraldton, tops the list for annual growth with a
remain -5.6% below their record high, despite rising 0.9% gain of 25.4%, followed by Queensland’s Townsville (23.5%),
over the past two months. Gladstone (22.2%), Central Highlands (21.8%) and Mackay
Although values are still increasing across the mid-sized (20.2%).

Index results as at 31st March 2025

Change in dwelling values

Month Quarter Annual Total return Median value
Sydney 0.3% 0.4% 0.9% 3.9% $1,190,616
Melbourne 0.5% 0.3% -2.6% 1.1% $781,318
Brisbane 0.4% 0.9% 8.6% 12.7% $899,824
Adelaide 0.8% 1.0% 11.0% 15.0% $827,675
Perth 0.2% 0.2% 11.9% 16.7% $806,205
Hobart -0.4% 0.2% -0.2% 4.0% $657,059
Darwin 1.0% 2.8% 2.6% 9.2% $519,287
Canberra 0.2% -0.1% -0.5% 3.6% $854,398
Combined capitals 0.4% 0.5% 2.8% 6.5% $900,629
Combined regional 0.5% 1.4% 5.3% 9.9% $666,830
National 0.4% 0.7% 3.4% 7.2% $820,331

CoreLogic Home Value Index

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media@corelogic.com

Released April 1st 2025

 Hedonic Home Value Index

Rolling three-month change in dwelling values Change in dwelling values over key time periods
State capitals

11% From Peak Past 5 Past 10

Geography
peak date years years
8%
Sydney -1.4% Sep-24 28.0% 64.3%
6%
Melbourne -5.6% Mar-22 9.3% 45.6%
3% Adelaide, 1.0%
Brisbane, 0.9% Brisbane <at peak> 69.3% 90.8%
1% Sydney, 0.4%
Melbourne, 0.3% Adelaide <at peak> 74.2% 94.3%
-2% Hobart, 0.2%
Perth, 0.2% Perth -0.05% Oct-24 75.4% 54.7%
-5%
Hobart -12.0% Mar-22 27.6% 86.7%
-7%
Darwin -4.1% May-14 27.8% -1.0%
Mar 20

Mar 22

Mar 24

Mar 25
Mar 21

Mar 23

Canberra -6.8% May-22 30.3% 59.8%

Regional NSW -1.3% May-22 51.5% 97.0%

Rolling three-month change in dwelling values Regional Vic -7.3% May-22 32.3% 72.7%
Combined capitals v Combined regionals
Regional Qld <at peak> 71.3% 89.8%
10%
Regional SA <at peak> 75.5% 68.5%
8%
Regional WA <at peak> 79.7% 53.4%
6%
Combined Regional Tas -1.3% May-22 50.0% 95.5%
4%
regionals, Regional NT -9.7% Apr-16 -1.7% -7.4%
2%
1.4%
0% Combined
-2% capitals, Combined
-0.4% Sep-24 34.1% 63.2%
capitals
-4% 0.5%

-6% Combined
<at peak> 57.4% 86.5%
regionals
Mar 25
Mar 21

Mar 23
Mar 15

Mar 17

Mar 19

National <at peak> 39.1% 68.3%

Change in dwelling values to end of March 2025

Past month Past 3 months Past 12 months

Australia 0.4% 0.7% 3.4%

Combined regionals 0.5% 1.4% 5.3%
Combined capitals 0.4% 0.5% 2.8%

Regional Tas 0.9% 1.5% 3.7%

Regional WA 0.8% 2.7% 14.7%
Regional SA 1.4% 3.4% 12.6%
Regional Qld 0.6% 1.9% 9.0%
Regional Vic 0.4% 0.4% -1.6%
Regional NSW 0.3% 0.9% 2.7%

Canberra 0.2% -0.1% -0.5%

Darwin 1.0% 2.8% 2.6%
Hobart -0.4% 0.2% -0.2%
Perth 0.2% 0.2% 11.9%
Adelaide 0.8% 1.0% 11.0%
Brisbane 0.4% 0.9% 8.6%
Melbourne 0.5% 0.3% -2.6%
Sydney 0.3% 0.4% 0.9%

CoreLogic Home Value Index

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media@corelogic.com

Released April 1st 2025

 Hedonic Home Value Index

Annual change in rents, Annual change in rents,

Houses Units
24% 24%

20% 20%

16% 16%

12% 12%
Adelaide, 8.2%
8% Perth, 8.2%
8% Perth, 6.0% Darwin, 6.2%
Adelaide, 4.8% Hobart, 5.7%
Hobart, 4.4%
4% Brisbane, 2.9% 4% Brisbane, 3.9%
Melbourne, 2.2%
Darwin, 2.0% Melbourne, 2.7%
Sydney, 2.5%
Sydney, 1.9% Canberra, 1.5%
0% Canberra, 1.6% 0%

-4% -4%

-8% -8%

Mar 23
Mar 20

Mar 22

Mar 24

Mar 25
Mar 21
Mar 20

Mar 21

Mar 23

Mar 24
Mar 22

Mar 25

Rental values are also at record highs, with the national

rental index up a further 0.6% in March, in-line with the Gross rental yields, dwellings
February increase, but well below the 1.0% increase seen this
time last year. Dwelling rents rose across every capital city National 3.7%
in March, led by a 1.2% lift in Hobart, while Melbourne Combined regional 4.4%
recorded the smallest monthly rent rise, up just 0.3%. Combined capitals 3.5%

In annual terms, rental growth is clearly slowing, easing from Regional NT 7.7%
a cyclical peak of 9.7% over the 12 months ending November Regional Tas 4.5%
2021 to 3.8% over the past 12 months- the slowest annual Regional WA 5.9%
change in rents since March 2021. Regional SA 4.7%
Regional Qld 4.5%
“Despite the slowdown in rental growth, the annual pace of
Regional Vic 4.3%
change remains slightly above the pre-COVID decade
Regional NSW 4.2%
average of 2.0%,” said Mr Lawless. “Nationally, rents have
risen 38.4% over the past five years, more than double the
Canberra 4.1%
15.4% rise seen in wages over the five years to December 24.”
Darwin 6.6%
Rental growth has slowed more sharply across the unit Hobart 4.4%
sector relative to houses, but the slowdown has been from Perth 4.3%
a higher base. Every capital city except the ACT is still Adelaide 3.7%
recording a higher rate of growth in unit rents compared Brisbane 3.7%
with house rents over the past 12 months. Melbourne 3.7%
Sydney 3.1%
“As overseas migration normalises and the average
household becomes larger, we should see a further
slowdown in rental growth,” Mr Lawless said. “However,
Gross rental yields, dwellings
considering the national vacancy rate, at 1.5%, remains less
than half the pre-COVID decade average of 3.3%, it’s hard to
5.5%
see rents retreating any time soon.”
With rental growth slowing but remaining positive and the 5.0%
change in home values flattening out, combined capital city Combined regionals
4.5% 4.42%
gross rental yields have risen to the highest level since 2019.
Over the past six months, gross yields have lifted by nine 4.0%
basis points, from 3.44% six months ago to 3.53% in March.
Gross yields across the combined regional markets are up 3.5% 3.53%
five basis points, from 4.37% in September ‘24 to 4.42% in
March ‘25. 3.0% Combined capitals
“Despite the rise, relative to holding costs such as high 2.5%
mortgage rates and a substantial increase in costs
associated with maintenance and repairs, the gross yield 2015 2017 2019 2021 2023 2025
profile remains low,” Mr Lawless said.

CoreLogic Home Value Index

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Released April 1st 2025

 Hedonic Home Value Index

With two months of growth in Australian home values now on the scorecard, it's looking more convincing that the positive
turn is more than a temporary recovery… but a material upswing in values remains unlikely.
On the upside, a gradual easing in monetary policy, cost of living relief, income growth, tight labour markets and improved
sentiment are all likely to support housing sector activity.
On the flipside, a variety of headwinds are likely to at least partially offset the tailwinds, keeping value growth contained.
The rate-cutting cycle is likely to be drawn out, housing remains unaffordable, population growth has reduced to more normal
levels and housing credit policies remain risk averse.

▪ Lower interest rates, but settings are unlikely to move into ▪ Housing affordability remains stretched with the national
stimulatory territory for some time yet. Factoring in a dwelling value to household income ratio on par with
reasonably bullish 75 basis point cut to the cash rate for record highs at 8.0 at the end of last year. Home loan
the remainder of the year (3.35% by year’s end) implies serviceability was also at a record high. Assuming a
that monetary policy settings will remain above the RBA’s household on the median income purchased the median
estimate of the neutral cash rate (of around 2.9%) value dwelling with a 20% deposit, they would be
throughout 2025. Until home loan serviceability improves dedicating 50.5% of their gross income on mortgage
more substantially, it’s hard to see housing markets moving repayments.
into a material growth trend.
▪ Population growth is normalising, reducing overall
▪ Cost of living relief should support household balance housing demand. Population growth in the September
sheets, although the variables may change following the quarter was back to 0.4%, on par with the pre-COVID
May 3rd federal election. Alongside real growth in decade average. The slowdown has been driven by a
household disposable incomes, which the RBA forecasts at sharp drop in overseas migration following its peak in the
2.5% over the 2025 calendar year, prospective borrowers first quarter of 2023. As of September 2024, quarterly net
may find it easier to save for a deposit with National overseas migration numbers have reduced by -46%.
accounts data showing a consistent pick up in the
household saving ratio. ▪ Credit conditions remain cautious with mortgage
originations on high debt-to-income ratios, high loan-to-
▪ Labour markets are holding tight, with a national income-ratios and high loan-to-valuation ratios all holding
unemployment rate of 4.1% and a strong trend in jobs low based on the most recent December quarter update
growth. However, some speed wobbles emerged in the from APRA.
February labour force data, with a weak jobs growth
outcome and a drop in the participation rate which is ▪ New housing supply is likely to remain constrained amid
something to watch for any evidence of a weaker trend high costs, a scarcity of skilled trades and compressed
emerging. profit margins. Even though population growth is easing,
the cumulative undersupply of housing will take some time
▪ Measures of consumer sentiment have been rising, to address. Housing construction costs are still rising from
fuelled by improvements in inflation outcomes, cost of an already high base, creating ongoing feasibility
living relief and growing certainty that interest rates will challenges for builders and developers and the
come down further. Consumer sentiment and housing competition for trades with the infrastructure sector is likely
activity have historically shown a strong relationship, so the to persist for several years at least. Low supply is another
improvement in sentiment should help support sales factor that could support further value growth.
turnover.
CoreLogic Home Value Index tables
Capitals Rest of state regions Aggregate indices

Regional Regional Regional Regional Regional Regional Regional Combined Combined

Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra National
NSW Vic Qld SA WA Tas NT capitals regional

All Dwellings

Month 0.3% 0.5% 0.4% 0.8% 0.2% -0.4% 1.0% 0.2% 0.3% 0.4% 0.6% 1.4% 0.8% 0.9% na 0.4% 0.5% 0.4%

Quarter 0.4% 0.3% 0.9% 1.0% 0.2% 0.2% 2.8% -0.1% 0.9% 0.4% 1.9% 3.4% 2.7% 1.5% na 0.5% 1.4% 0.7%

YTD 0.4% 0.3% 0.9% 1.0% 0.2% 0.2% 2.8% -0.1% 0.9% 0.4% 1.9% 3.4% 2.7% 1.5% na 0.5% 1.4% 0.7%

Annual 0.9% -2.6% 8.6% 11.0% 11.9% -0.2% 2.6% -0.5% 2.7% -1.6% 9.0% 12.6% 14.7% 3.7% na 2.8% 5.3% 3.4%

Total return 3.9% 1.1% 12.7% 15.0% 16.7% 4.0% 9.2% 3.6% 6.8% 2.6% 13.9% 19.3% 21.6% 8.2% na 6.5% 9.9% 7.2%

Gross yield 3.1% 3.7% 3.7% 3.7% 4.3% 4.4% 6.6% 4.1% 4.2% 4.3% 4.5% 4.7% 5.9% 4.5% na 3.5% 4.4% 3.7%

Median value $1,190,616 $781,318 $899,824 $827,675 $806,205 $657,059 $519,287 $854,398 $757,172 $574,298 $708,633 $467,841 $560,611 $525,823 na $900,629 $666,830 $820,331

Houses

Month 0.5% 0.5% 0.3% 0.8% 0.2% -0.3% 1.1% 0.3% 0.3% 0.4% 0.6% 1.4% 0.9% 0.9% 0.0% 0.4% 0.5% 0.5%

Quarter 0.5% 0.6% 0.7% 1.1% 0.0% 0.3% 3.0% -0.3% 0.8% 0.5% 1.9% 3.3% 2.8% 1.4% 1.7% 0.5% 1.3% 0.7%

YTD 0.5% 0.6% 0.7% 1.1% 0.0% 0.3% 3.0% -0.3% 0.8% 0.5% 1.9% 3.3% 2.8% 1.4% 1.7% 0.5% 1.3% 0.7%

Annual 1.2% -2.5% 7.5% 10.6% 11.3% 0.2% 4.4% -0.2% 2.6% -1.6% 9.2% 12.5% 14.7% 4.0% -2.1% 3.2% 5.3% 3.7%

Total return 3.8% 0.7% 11.2% 14.3% 16.0% 4.4% 10.8% 3.7% 6.7% 2.6% 14.1% 19.1% 21.5% 8.4% 5.1% 6.5% 9.8% 7.3%

Gross yield 2.7% 3.2% 3.5% 3.5% 4.2% 4.3% 6.0% 3.8% 4.1% 4.2% 4.4% 4.7% 5.8% 4.4% 7.3% 3.2% 4.4% 3.5%

Median value $1,473,393 $929,070 $981,474 $878,621 $839,295 $699,148 $603,669 $969,819 $783,899 $604,282 $714,280 $479,413 $579,344 $547,731 $428,864 $1,014,019 $681,467 $885,361

Units

Month -0.1% 0.4% 0.7% 1.0% 0.9% -0.9% 0.8% 0.0% 0.7% 0.4% 0.6% 1.1% -0.3% 1.7% na 0.2% 0.6% 0.3%

Quarter -0.1% -0.2% 2.1% 0.9% 2.3% 0.2% 2.2% 0.5% 1.8% -1.0% 1.9% 5.7% 1.3% 2.5% na 0.3% 1.6% 0.5%

YTD -0.1% -0.2% 2.1% 0.9% 2.3% 0.2% 2.2% 0.5% 1.8% -1.0% 1.9% 5.7% 1.3% 2.5% na 0.3% 1.6% 0.5%

Annual 0.1% -2.8% 14.1% 13.9% 16.4% -2.5% -1.0% -1.6% 3.1% -1.9% 8.1% 15.7% 13.2% 1.0% na 1.7% 5.5% 2.4%

Total return 4.0% 2.0% 19.4% 19.2% 23.1% 2.0% 6.5% 3.3% 7.6% 3.2% 13.4% 22.8% 23.9% 6.3% na 6.3% 10.6% 7.1%

Gross yield 4.1% 4.8% 4.5% 4.7% 5.7% 5.0% 7.8% 5.2% 4.4% 5.0% 4.7% 4.7% 8.2% 5.2% na 4.5% 4.7% 4.6%

Median value $851,934 $608,614 $694,577 $595,104 $599,135 $526,914 $366,774 $590,818 $629,401 $406,361 $691,147 $332,636 $374,245 $410,014 na $690,160 $586,483 $673,491

CoreLogic Home Value Index

Media enquiries: media@corelogic.com
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Released April 1st 2025

 Hedonic Home Value Index

Top 10 Capital city SA3’s with highest 12-month value growth - Dwellings

Median Annual Median Annual

Rank SA3 Name SA4 Name Rank SA3 Name SA4 Name
Value change Value change

Greater Sydney Greater Perth

1 Fairfield South West $1,170,787 9.5% 1 Swan North East $760,261 16.8%
Outer West and
2 St Marys $987,199 8.3% 2 Mundaring North East $806,894 15.7%
Blue Mountains
3 Wollondilly Outer South West $1,053,297 8.1% 3 Kwinana South West $634,435 15.3%
Bayswater -
4 Camden Outer South West $1,115,134 7.4% 4 North East $854,734 14.8%
Bassendean
5 Bankstown Inner South West $1,350,975 7.4% 5 Wanneroo North West $784,559 14.8%

6 Mount Druitt Blacktown $885,883 7.0% 6 South Perth South East $984,681 13.2%
Bringelly - Green
7 South West $1,113,035 6.8% 7 Kalamunda South East $824,507 13.0%
Valley
8 Campbelltown Outer South West $904,976 6.5% 8 Stirling North West $875,538 12.9%
Outer West and Belmont - Victoria
9 Penrith $971,814 4.9% 9 South East $760,827 12.4%
Blue Mountains Park
Outer West and
10 Richmond - Windsor $882,560 4.3% 10 Perth City Inner $773,759 12.2%
Blue Mountains
Greater Melbourne Greater Hobart
Tullamarine -
1 North West $680,326 1.7% 1 Brighton Hobart $526,670 3.2%
Broadmeadows
2 Casey - North South East $825,517 1.0% 2 Hobart - North East Hobart $699,704 1.8%

3 Casey - South South East $760,114 0.6% 3 Hobart - North West Hobart $544,416 0.7%
Hobart - South and
4 Dandenong South East $736,607 0.5% 4 Hobart $761,473 0.2%
West
5 Hobsons Bay West $862,128 0.3% 5 Sorell - Dodges Ferry Hobart $617,152 -0.4%

6 Cardinia South East $729,348 -0.1% 6 Hobart Inner Hobart $830,794 -3.2%
Melton - Bacchus
7
Marsh
West $631,102 -0.3% Greater Darwin
8 Whitehorse - West Inner East $1,203,416 -0.4% 1 Palmerston Darwin $515,294 6.4%

9 Keilor North West $956,237 -0.4% 2 Darwin Suburbs Darwin $508,630 4.2%
Mornington
10 Frankston $746,774 -0.5% 3 Darwin City Darwin $471,462 -2.5%
Peninsula
Greater Brisbane ACT
1 Beenleigh Logan - Beaudesert $746,844 13.8% 1 Molonglo ACT $766,328 2.0%

2 Beaudesert Logan - Beaudesert $736,918 12.6% 2 Belconnen ACT $819,569 1.3%

3 Ipswich Hinterland Ipswich $747,437 12.1% 3 Tuggeranong ACT $849,200 0.6%

4 Browns Plains Logan - Beaudesert $782,579 11.4% 4 South Canberra ACT $1,057,935 -0.5%

5 Ipswich Inner Ipswich $704,242 11.4% 5 Weston Creek ACT $925,926 -1.2%
Moreton Bay -
6 Strathpine $776,619 11.2% 6 North Canberra ACT $741,848 -1.5%
South
Springfield -
7 Ipswich $759,831 11.2% 7 Woden Valley ACT $960,921 -2.2%
Redbank
Moreton Bay -
8 Caboolture $755,905 11.0% 8 Gungahlin ACT $890,112 -2.7%
North
9 Brisbane Inner Brisbane Inner City $807,899 11.0%
Loganlea -
10 Logan - Beaudesert $812,280 11.0%
Carbrook
Greater Adelaide Data source: CoreLogic
About the data
1 Playford North $614,868 14.6%
Median values refers to the middle of valuations observed in
2 Gawler - Two Wells North $692,821 14.5%
the region
3 Salisbury North $693,587 13.0%
Growth rates are based on changes in the CoreLogic Home
4 Mitcham South $1,154,252 13.0%
Value index, which take into account value changes across the
5 Holdfast Bay South $1,088,079 12.0%
market
6 Port Adelaide - East North $843,906 11.9%
Only metrics with a minimum of 20 sales observations and a
7 Port Adelaide - West West $807,157 11.9%
low standard error on the median valuation have been
8 Onkaparinga South $784,397 11.6% included.
9 Tea Tree Gully North $803,518 11.5% Data is at March 2025
10 Charles Sturt West $938,918 11.4%
CoreLogic Home Value Index
Media enquiries: media@corelogic.com
media@corelogic.com

Released April 1st 2025

 Hedonic Home Value Index

Top 10 regional SA3’s with highest 12-month value growth - Dwellings

Median Annual Median Annual

Rank SA3 Name SA4 Name Rank SA3 Name SA4 Name
Value change Value change

Regional NSW Regional WA

1 Lower Murray Murray $336,986 10.3% 1 Mid West Outback (South) $464,468 25.4%
Tumut -
2 Riverina $424,650 8.4% 2 Albany Wheat Belt $615,796 19.4%
Tumbarumba
Hunter Valley exc
3 Upper Hunter $511,642 8.3% 3 Wheat Belt - North Wheat Belt $442,491 18.4%
Newcastle
Augusta - Margaret
4 Tweed Valley Richmond - Tweed $1,052,856 7.8% 4 Bunbury $926,565 14.7%
River - Busselton
Hunter Valley exc
5 Lower Hunter $675,201 7.5% 5 Bunbury Bunbury $635,499 13.6%
Newcastle
6 Lachlan Valley Central West $369,880 6.4% 6 Kimberley Outback (North) $510,598 10.4%

7 Albury Murray $559,203 6.0% 7 West Pilbara Outback (North) $580,275 9.8%

8 Lithgow - Mudgee Central West $594,386 5.8% 8 Gascoyne Outback (South) $425,083 9.5%
New England and
9 Inverell - Tenterfield $354,737 5.4% 9 Manjimup Bunbury $523,218 7.3%
North West
New England and
10 Armidale $475,656 5.3% 10 Goldfields Outback (South) $336,022 6.5%
North West

Regional VIC Regional TAS

West and North
1 Mildura North West $461,477 6.9% 1 Burnie - Ulverstone $476,381 8.2%
West
West and North
2 Shepparton Shepparton $492,993 3.0% 2 Devonport $514,132 6.6%
West
Wangaratta -
3 Hume $502,222 1.6% 3 Huon - Bruny Island South East $700,399 4.5%
Benalla
Central Highlands
4 Grampians North West $331,071 1.5% 4 South East $442,669 4.3%
(Tas.)
Glenelg - Southern Warrnambool and
5 $378,931 1.4% 5 South East Coast South East $628,263 2.6%
Grampians South West
Launceston and
6 Wellington Latrobe - Gippsland $431,716 0.5% 6 North East $514,878 2.2%
North East
Launceston and
7 Wodonga - Alpine Hume $611,194 -0.2% 7 Launceston $546,942 1.6%
North East
8 Gippsland - East Latrobe - Gippsland $533,518 -0.4%

9 Bendigo Bendigo $558,216 -0.7%

10 Latrobe Valley Latrobe - Gippsland $411,167 -1.0%

Data source: CoreLogic
Regional QLD About the data
1 Townsville Townsville $564,865 23.5% Median values refers to the middle of valuations observed in
the region
2 Gladstone Central Queensland $548,617 22.2%
Central Highlands Growth rates are based on changes in the CoreLogic Home
3 Central Queensland $339,775 21.8%
(Qld)
Value index, which take into account value changes across
Mackay - Isaac -
4 Mackay $588,607 20.2%
Whitsunday the market
5 Burnett Wide Bay $430,925 18.5% Only metrics with a minimum of 20 sales observations and a
Charters Towers -
6 Townsville $279,076 18.1% low standard error on the median valuation have been
Ayr - Ingham
Darling Downs Darling Downs - included
7 $349,455 17.9%
(West) - Maranoa Maranoa
Darling Downs - Data is at March 2025
8 Darling Downs - East $464,949 17.7%
Maranoa
9 Rockhampton Central Queensland $568,153 15.0%

10 Maryborough Wide Bay $547,987 14.7%

Regional SA
Barossa - Yorke -
1 Yorke Peninsula $476,947 17.2%
Mid North
2 Murray and Mallee South East $442,834 15.7%
Barossa - Yorke -
3 Barossa $689,871 13.9%
Mid North
Fleurieu - Kangaroo
4 South East $734,672 12.8%
Island
5 Limestone Coast South East $448,116 9.2%
Eyre Peninsula and
6 Outback $352,049 8.8%
South West

CoreLogic Home Value Index

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Released April 1st 2025

 Hedonic Home Value Index

Prior month level of revision

Monthly change in February 2025 Revision in monthly change for Feb
2025: Feb 25 v Mar 25 vintage HVI

2.2%

0.90%
1.8%

0.43%
0.16%
0.16%

0.17%
0.15%

0.09%
0.04%

0.04%
0.02%
0.11%
0.01%
1.0%
0.8%

0.8%
0.7%
0.6%
0.5%

0.5%

0.5%
0.4%
0.4%
0.4%

0.4%

0.4%
0.4%

0.3%
0.3%
0.3%

0.3%
0.3%
0.3%
0.3%
0.3%

0.2%
0.2%

0.2%
0.2%

0.2%
0.1%
0.1%

0.0%
0.1%

-0.07%

-0.09%
-0.25%
-0.25%

-0.35%
-0.42%
0.0%
-0.1%

Rest of Tas. -0.2%

Rest of WA
Rest of Qld
Melbourne

Adelaide

Rest of Tas.
Perth
Hobart
Darwin

Rest of SA

Rest of NT

Combined capitlas
ACT

Australia
Sydney

Brisbane

Rest of NSW
Rest of Vic.

Combined regionals
Rest of Qld

Rest of WA
Melbourne

Adelaide

Perth

Hobart

Rest of NT

Combined capitlas
Darwin
Sydney

ACT

Rest of SA

Australia
Brisbane

Rest of NSW

Rest of Vic.

Combined regionals
Feb 25 vintage Mar 25 vintage

Disclaimers

In compiling this publication, RP Data Pty Ltd trading as CoreLogic Asia Pacific (ABN 67 087 759 171) (“CoreLogic”) has relied upon information supplied by a
number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort
or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use
of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to
CoreLogic for the supply of such information.

Queensland Data Western Australian Data

Based on or contains data provided by the State of Queensland Information contained within this product includes or is derived from the
(Department of Resources) 2025. In consideration of the State location information data licensed from Western Australian Land
permitting use of this data you acknowledge and agree that the State Information Authority (WALIA) (2025) trading as Landgate. Copyright in
gives no warranty in relation to the data (including accuracy, reliability, the location information data remains with WALIA. WALIA does not
completeness, currency or suitability) and accepts no liability (including warrant the accuracy or completeness of the location information data
without limitation, liability in negligence) for any loss, damage or costs or its suitability for any particular purpose.
(including consequential damage) relating to any use of the data. Data
must not be used for direct marketing or be used in breach of the
privacy laws; more information at
www.propertydatacodeofconduct.com.au. Australian Capital Territory Data
The Territory Data is the property of the Australian Capital Territory. Any
form of Territory Data that is reproduced, stored in a retrieval system or
South Australian Data transmitted by any means (electronic, mechanical, microcopying,
photocopying, recording or otherwise) must be in accordance with this
© 2025 Copyright in this information belongs to the South Australian agreement. Enquiries should be directed to: Manager, Customer
Government and the South Australian Government does not accept any Services Environment, Planning and Sustainable Development
responsibility for the accuracy or completeness of the information or its Directorate. GPO Box 158 Canberra ACT 2601.
suitability for any purpose.

Tasmanian Data
New South Wales Data This product incorporates data that is copyright owned by the Crown in
Contains property sales information provided under licence from the Right of Tasmania. The data has been used in the product with the
Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic permission of the Crown in Right of Tasmania. The Crown in Right of
Asia Pacific is authorised as a Property Sales Information provider by the Tasmania and its employees and agents:
Valuer General New South Wales. a) give no warranty regarding the data's accuracy, completeness,
currency or suitability for any particular purpose; and
b) do not accept liability howsoever arising, including but not limited
Victorian Data to negligence for any loss resulting from the use of or reliance
The State of Victoria owns the copyright in the Property Sales Data and upon the data.
reproduction of that data in any way without the consent of the State of Base data from the LIST © State of Tasmania
Victoria will constitute a breach of the Copyright Act 1968 (Cth). The http://www.thelist.tas.gov.au
State of Victoria does not warrant the accuracy or completeness of the
Property Sales Data and any person using or relying upon such
information does so on the basis that the State of Victoria accepts no
responsibility or liability whatsoever for any errors, faults, defects or
omissions in the information supplied.

CoreLogic Home Value Index

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Released April 1st 2025

 Hedonic Home Value Index

CoreLogic is the largest independent provider of property

information, analytics and property-related risk
management services in Australia and New Zealand.

Methodology
The CoreLogic Hedonic Home Value Index (HVI) is calculated using a hedonic regression
methodology that addresses the issue of compositional bias associated with median
price and other measures. In simple terms, the index is calculated using recent sales data
combined with information about the attributes of individual properties such as the
number of bedrooms and bathrooms, land area and geographical context of the
dwelling. By separating each property into its various formational and locational
attributes, observed sales values for each property can be distinguished between those
attributed to the property’s attributes and those resulting from changes in the underlying
residential property market. Additionally, by understanding the value associated with
each attribute of a given property, this methodology can be used to estimate the value of
dwellings with known characteristics for which there is no recent sales price by observing
the characteristics and sales prices of other dwellings which have recently transacted. It
then follows that changes in the market value of the entire residential property stock can
be accurately tracked through time. The detailed methodological information can be
found at:
www.corelogic.com.au/research/rp-data-corelogic-home-value-index-methodology/
CoreLogic is able to produce a consistently accurate and robust Hedonic Index due to its
extensive property related database, which includes transaction data for every home sale
within every state and territory. CoreLogic augments this data with recent sales advice
from real estate industry professionals, listings information and attribute data collected
from a variety of sources.

* The median value is the middle estimated value of all residential properties derived
through the hedonic regression methodology that underlies the CoreLogic Hedonic
Home Value Index.

CoreLogic Home Value Index

Media enquiries: media@corelogic.com
media@corelogic.com

Released April 1st 2025

Media enquiries: media@corelogic.com
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