As dwelling values fall, suburbs once boasting a million dollar median are now being affected, particularly premium housing stock where the number of suburbs with a median value at, or in excess of $1 million has fallen over the past year. There were 649 suburbs across Australia that had a median house or unit value…
Articles by Cameron Kusher
Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit www.corelogic.com.au
Capital city auction volumes rise over the week, although remain lower than one year ago. Auction activity is continuing to ramp up after the seasonal slowdown, with 929 capital city homes taken to auction this week, increasing on last week when 536 auctions were held as of final figures. The higher week on week activity…
A review of Australia’s property markets over the past twenty years showed that while the housing market has experienced weaker conditions over the past year, it is a different story over the longer term with most cities seeing substantial gains. Top performer – the Melbourne property market recorded the greatest value gains of 274.4% over the…
Subdued start to 2019 with 526 capital city homes taken to auction coming out of the seasonal slowdown. The first week of auction reporting for 2019 saw 526 capital city homes taken to auction, this is down almost 34 per cent on the same week last year when 790 auctions were held. The preliminary auction…
Research shows that credit availability has continually tightened over recent years and where transaction volumes in the housing market has fallen and led to a reduction in turnover. Based on the CoreLogic turnover metric, the data shows the percentage of properties that have sold on an annual basis by comparing the annual number of sales…
As dwelling values and transactions decline and stock for sale mounts properties are taking longer to sell across most regions of the country. The median days on market figure is calculated by measuring how long it takes from when a property is initially listed for sale until when it goes under contract, excluding properties sold…
Auction activity quieter year-on-year with 2,689 homes taken to auction across the combined capitals. There were 2,689 homes taken to auction over the week, down from the previous week when 2,745 auctions were held, and much lower than this week last year when 3,438 auctions were held across the combined capital cities. Preliminary results show…
With the cost of housing in decline, lets look at the differentials in dwelling values across the capital cities and their historical variances. Nationally dwelling values as at October 2018 have fallen by – 3.5% from their peak with much larger falls in Sydney, Melbourne, Perth and Darwin. The reality is that there has been…
Property sales over the past 12 years and compares them to the original advertised price to see if they sell for more, less or the same as that price and whether these trends are changing. Over the three months to October 2018, more than three quarters (75.4%) of properties that sold transacted for less than…
A comparison of citywide median dwelling values to each of the SA4 sub-regions within the capital cities delivers a comprehensive understanding of typical housing costs from region to region. Data reveals that median values and prices are terms quoted regularly in relation to property markets, however, what do these terms actually mean? Median values reflect…
