Monthly Housing & Economic Stats In 6 Charts, December 2015

Here’s a summary of the latest property market and economic stats for the month from Corelogic.

Home values fell in November and are lower over the past 3 months

  • Combined capital city home values fell by 1.5% in November and only rose over the month in Brisbane, Adelaide and Perth
  • Home values were 0.5% lower over the three months to November with values down in Sydney, Melbourne, Perth, Hobart and Darwin
  • Over the past 12 months, combined capital city home values have increased by 8.7% however, only Sydney (12.8%) and Melbourne (11.8%) have recorded significant growth with moderate increases in Brisbane (4.0%), Adelaide (3.3%), Hobart (1.1%) and Canberra (4.5%) and values declining in Perth (-4.1%) and Darwin (-4.2%)

Screenshot 2015-12-14 22.10.01

House sales have levelled while unit transactions are trending lower

  • Over the 12 months to September 2015 there were 357,870 houses and 137,181 units sold nationally
  • House sales are 2.0% higher over the year while unit sales are -8.0% lower
  • It is important to note, the large volume of off-the-plan sales currently means there is a high likelihood unit sales volumes will be revised higher over the coming years

Screenshot 2015-12-14 22.12.25

Rental rates are rising at their slowest annual pace on record

  • Capital city rental rates have increased by just 0.3% over the past year which is their slowest annual rate of growth on record
  • With record low rental growth and strong value growth rental yields have also fallen and sit at 3.5%

Rental yields

Homes continue to sell quickly with low discounts however, both measures have increased lately as auction clearance rates have eased

  • The typical capital city home is currently selling after 38 days on the market compared to 37 days a year ago
  • The average level of discount is recorded at -5.5% compared to -5.6% a year ago
  • Auction clearance rates are trending lower after reaching 80% earlier this year they are now sitting at around 60%.

Screenshot 2015-12-14 22.05.42

New and total listings have started to fall at the end of spring

  • Over the past 28 days there were 48,643 new homes listed for sale which is -4.4% lower than a year ago
  • Over the same timeframe there were 249,133 total homes listed for sale which is -2.8% lower than a year ago

Screenshot 2015-12-14 22.07.20

Economic data remain mixed

  • New lending to investors has eased sharply over recent months with new lending to owner occupiers now the biggest source of mortgage demand\
  • Total housing credit is rising however, investment credit growth continues to slow and is now below APRAs 10% threshold for annual growth
  • The rate of population growth at a national level continues to slow
  • Dwelling approvals remain very high although they are slightly below their record high.  Over the past year there has been more than 234,000 dwelling approvals
  • Consumer sentiment increased in November with respondents slightly more optimistic than pessimistic
  • The unemployment rate eased to 5.9% in October however, part-time jobs growth continues to outpace full-time growth
  • Official interest rates remained on hold in December with the market anticipating no move in official interest rates over the next 18 months

Population Growth

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'Monthly Housing & Economic Stats In 6 Charts, December 2015' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...