Market Essentials - July 2020

Property values fell slightly across the five major capital cities during June with markets in Canberra, Darwin and Hobart each recording a small increase. Core Logic reported a second consecutive month of falls with the national Home Value Index down 0.7% in June. Overall market activity showed improvement with a 21.5% surge in sales activity through May. Core Logic estimates that home sales in June were up a further 29.5%.