Canberra home prices rise in November

Canberra home values increased in November but buyers are still in the driver's seat, CoreLogic's home value index has revealed.

Transcript

00:00 It's the 1st of December, which means the latest property prices have been released.

00:05 CoreLogic's Home Value Index found Canberra property prices increased 0.5% in the month

00:11 of November, after almost no change the month before.

00:14 Despite the increase in prices, Canberra buyers are still firmly in the driver's seat.

00:19 CoreLogic Research Director Tim Lawless said there were more homes available for sale and

00:24 fewer buyers out there.

00:25 This was leading to more choice, less urgency and more opportunities to negotiate.

00:30 [BLANK_AUDIO]