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
Last week the Australian Bureau of Statistics (ABS) released their biennial Housing Occupancy and Costs data for the 2017-18 financial year. The release has too much data to cover off in full in just one blog post so this week’s blog will cover off on some of the details surrounding housing costs as a share…
The number of property transaction have been very low for the last few years. But now the estimates of monthly settled sales data points to a levelling in housing market activity, following several years of falling home sales. Despite signs that market activity is levelling out, annual transaction numbers remain lower year on year across every…
Household wealth data from the Australian Bureau of Statistics (ABS) released recently showed that over the past year, a households net worth & assets fell as liabilities grew. The ABS data showed that at the end of the March quarter, household net worth was $10.243 trillion. While a large figure, household wealth has now fallen…
Since the federal election there appears to have been some strength returning to the housing market. A number of factors have contributed to this apparent improvement in housing confidence, including: 1. An unexpected election win to the Coalition Typically a change of government wouldn’t have too much of an impact on housing sentiment however, the…
Want to know what’s going on with the rental markets around Australia? The CoreLogic quarterly rent review shows national weekly rents increased by 0.3% over the second quarter of 2019; slower than the 1.0% increase the previous quarter and level with rental growth over the June 2018 quarter. Capital city rents were 0.1% higher over…
This column is going to be a little controversial however, lenders are well within their rights keep a portion of future rate cuts up their sleeve. Furthermore, the fact that banks have to consider mortgage holders as well as savers is an important consideration. It is true that Australians are obsessed with housing. In no…
Demographic data from the ABS (Australian Bureau of Statistics) shows that population growth has lifted over recent quarters, driven by increases in both natural increase and net overseas migration. CoreLogic observed that over the 12 months to December 2018, the estimated residential population of Australia increased by 1.6% or by 404,783 persons; the largest increase…
The latest data from the Australian Prudential Regulation Authority (APRA) on property exposures data from authorised deposit-taking institutions (ADIs) shows that the tougher lending policies of recent years continue to reduce mortgage risks. Over the March 2019 quarter, APRA reports that there was $72.395 billion in residential mortgages to households, which was -17.9% lower than…
Historical market trends analysis compiled by CoreLogic identifies when values have sat at a peak and when they have deviated, and how large the deviation was. National dwelling values are currently -8.2% lower than their peak, the largest decline in values any time over the past 30 years. Throughout the period from May 1989 to…
In the lead-up to the recent Federal election the Coalition announced the First Home Loan Deposit Scheme. The scheme will provide up to 10,000 loans to first home buyers each year and will offer first home buyers better access to finance without having to save a 20% deposit. Additional details about the plan include: The…
