Australia CoreLogic Dwelling Prices MoM

Info

History

Chart

Impact:

Low

Latest Release:

Surprise:

0.1%

Actual:

0.4%

Forecast: 0.3%

Previous/Revision:

0.3%

Period: Apr 2025

Next Release:

Forecast: 0.4%

Period: May 2025

What Does It Measure?

The Australia CoreLogic Dwelling Prices MoM index measures the month-over-month percentage change in residential property prices across Australia. It primarily focuses on assessing the real estate market's short-term price dynamics, key areas including both detached houses and units, and serves as a national indicator of housing market performance.

Frequency

The Australia CoreLogic Dwelling Prices MoM report is released monthly, providing preliminary data at the start of each month.

Why Do Traders Care?

Traders care about this indicator due to its direct impact on consumer wealth and spending, which are crucial for economic growth assessments. Positive or higher-than-expected results can be bullish for the Australian dollar as they reflect a strong housing market, while weaker readings might have bearish implications for currency and equities.

What Is It Derived From?

The index is derived from a comprehensive aggregation of residential property sales data collected from various sources, including government land registries and real estate sales lists. CoreLogic utilizes a sophisticated hedonic regression methodology to adjust for variations in property characteristics, thus providing a consistent measure of price movements.

Description

The Australia CoreLogic Dwelling Prices MoM report offers timely insights into the health of the residential property market by tracking short-term price changes monthly. Preliminary data is initially provided, which may be subject to revisions in later months as more complete information becomes available, with markets tending to react more strongly to the preliminary data due to its earlier release. Month-over-month reporting is used to highlight immediate changes in the market, enabling traders and analysts to detect shifts in housing demand and pricing trends.

Additional Notes

This indicator serves as a leading measure, often forecasting broader economic performance through its impact on consumer sentiment and spending. Comparatively, it aligns with housing price data from other economies, such as the U.S. Case-Shiller Index or the U.K.'s Nationwide House Price Index, offering a global perspective on real estate trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 01, 2025	0.4%	0.3%	0.3%	0.1%
Mar 03, 2025	0.3%	0.2%	0%	0.1%
Feb 03, 2025	0%	0%	-0.1%
Jan 01, 2025	-0.1%	0.1%	0.1%	-0.2%
Dec 01, 2024	0.1%	0.2%	0.3%	-0.1%
Nov 01, 2024	0.3%	0.4%	0.4%	-0.1%
Oct 02, 2024	0.4%	0.5%	0.5%	-0.1%
Sep 02, 2024	0.5%	0.3%	0.3%	0.2%
Aug 01, 2024	0.5%	0.8%	0.7%	-0.3%
Jul 01, 2024	0.7%	0.8%	0.8%	-0.1%
Jun 03, 2024	0.8%	0.5%	0.6%	0.3%
May 01, 2024	0.6%	0.6%	0.6%
Apr 01, 2024	0.6%	0.6%	0.6%
Feb 29, 2024	0.6%	0.5%	0.4%	0.1%
Feb 01, 2024	0.4%	0.5%	0.3%	-0.1%
Jan 02, 2024	0.4%	0.4%	0.6%
Nov 30, 2023	0.6%	0.8%	0.9%	-0.2%
Nov 01, 2023	0.9%	1%	0.8%	-0.1%
Oct 02, 2023	0.9%	0.9%	1%
Sep 01, 2023	1%	0.7%	0.9%	0.3%
Aug 01, 2023	0.9%	1.1%	1.3%	-0.2%
Jul 02, 2023	1.3%	1.4%	1.4%	-0.1%
Jun 01, 2023	1.4%	1.2%	0.7%	0.2%
Apr 30, 2023	0.7%	0.7%	0.8%
Apr 02, 2023	0.8%	0.7%	-0.1%	0.1%
Feb 28, 2023	-0.1%	-0.9%	-1%	0.8%
Jan 31, 2023	-1%	-1.2%	-1.1%	0.2%
Jan 02, 2023	-1.2%	-1.6%	-1.1%	0.4%
Nov 30, 2022	-1.1%	-1%	-1.1%	-0.1%