House prices have had their biggest rise in two years
House prices have had their biggest rise in two years
17 January 2024
CoreLogic's House Price Index shows property values nationwide, rose one percent in December, the strongest monthly gain since January 2022.
It was the third straight rise in average values, which are up more than two percent over the past three months.
Chief Property Economist, Kelvin Davidson says they're still more than 11 percent lower than the peak, which we're slowly heading back to.
He says that upturn ended at the end of 2021, which gave way to the downturn that we've seen over the past 18 months.
Davidson says they're now seeing that upturn start to re-emerge.
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