Melbourne’s housing market is showing clear signs of recovery after an extended downturn period that began following its peak in March 2022. Recent data from CoreLogic reveals steady improvements in market conditions, driven by supportive economic factors and shifting buyer sentiment. Melbourne’s home values have been trending upwards for the past two months, indicating renewed…
The Australian property market reached new record highs in March 2025, marking a notable recovery after a brief downturn from November to January. CoreLogic’s National Home Value Index rose by 0.4%, continuing the positive momentum from February’s 0.3% rise. Improved market sentiment, bolstered by recent interest rate cuts, has significantly influenced this turnaround, positively affecting…
As expected, the RBA is taking a cautious approach, holding the cash rate firm at 4.1% in April, despite inflationary pressures easing into the target range and labour markets showing a softer outcome in February. The monthly CPI update for February shows core inflation has been tracking inside the RBA’s 2-3% target since December. At…
Australian property values reached new heights in March, reversing a recent downward trend, according to CoreLogic’s national Home Value Index. Values increased 0.4% over the month, the second consecutive month of growth in the national index, following a short three-month decline where values dipped 0.5%. City Month Quarter Annual Total return Median value Sydney 0.3%…
It was March 11th 2020 when the World Health Organisation declared COVID-19 as a global pandemic. Although the onset of the pandemic is now five years behind us, the influence on housing markets is still being felt. One of the most significant factors five years on from March 2020 is how housing values have changed….
After the most aggressive rate hiking cycle on record, the RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates. Australia…
A new analysis from CoreLogic shows that the typical home built in 2010 or later is twice as energy efficient compared to homes built before 2010. The analysis, part of the new report ‘Amped Up: How energy efficient are Australian homes?, shows that homes built after 2010 achieved an estimated median star rating of 5.9 out…
The hopes for a December rate cut were slim leading into today’s meeting, with financial markets giving just a 6% chance of a rate cut in December. That’s not surprising given the rise in the monthly inflation indicator through October to 3.5%, alongside ongoing tightness in labour markets, where the unemployment rate has held around…
A new analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any material slope, heritage rules or the…
There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points. It was only a few months ago when some forecasters were still expecting a November cut, but the data simply hasn’t been compelling…