According to CoreLogic, the housing market was already showing pioneering signs of improvement.
The conditions in Sydney and Melbourne have been mainly improved.
In the three months to July, the value of national dwellings continued to decline, down 0.5%. However, the monthly decline rate has slowed, with values ​​remaining unchanged for the entire month of July.
"The improvement in market conditions was most evident in the combined capitals, while the combined regional markets saw the magnitude of the downtrend in 2019," said analyst Cameron Kusher Research Principal at CoreLogic.
The slowing down of prices in Sydney and Melbourne in 2019, with increases over the last two months, has had an impact on improving market conditions.
Melbourne is the only city to have increased in value over the past three months, while several cities have experienced slower rates of decline.
The regions where the fall in prices has been the highest since their peaks have avoided the fall of the last three months.
House prices in Sydney fell 14.7% from their July high, but in the last three months, seven regions of the capital have avoided falling.
In Melbourne, four regions avoided the decline, including the East and the South Interior.
Outside the Sydney and Melbourne areas, Hobart and North Adelaide have seen an increase in their values ​​over the last three months.
However, several regional markets combined did not show the same early signs of market recovery.
"The reason for the decline in regional values ​​and the fact that there is practically no sign of improvement is due to the fact that most major regional markets continue to record downgrades, "said Kusher.
The most populous regional markets continued to experience price declines in the last three months, with the exception of areas such as Townsville, Cairns, Richmond-Tweed, Toowoomba and Launceston, as well as Northeastern Ontario. Is.
"Over the next few months, it will be interesting to see if the improvement continues and whether it extends from Sydney and Melbourne to other capitals and regional markets," he said. Mr. Kusher.
Top suburbs:
Goulburn
,
Newcastle
,
Bendigo
,
Woolloongabba
,
Windale
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