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
Today I’d like to summarises the change in housing values across three broad valuation segments: upper quartile, lower quartile and broad middle of the market. The CoreLogic Stratified Hedonic Index highlights the performance of the housing market across three segments:- the 25% of most affordable dwellings, the 50% of dwellings representing the middle market and…
With national dwelling values continuing to decline throughout 2018 and well into 2019, resulting in lower market confidence and fewer homes transacting, it’s important to understand the impact of this not only from the perspective of buyers and vendors but all industry participants. Given this, this week’s Pulse looks at the total value of sales…
There is a wide-spread belief that Reserve Bank Governor Lowe’s speech on 21 May clearly indicated that the RBA are set to cut official interest rates on Tuesday 4 June when they next meet. While I (and the interest rate futures market and the overwhelming majority of economic commentators) believe that is still the most…
With the national housing market moving through its down phase and buyer numbers thin on the ground, properties are taking longer to sell as vendors face stiff competition and purchasers take their time to negotiate the best possible price. The median time on market metric measures the time it takes from the initial listing of…
The Australian Prudential Regulation Authority (APRA) issued a letter to all authorised deposit-taking institutions (ADI) regarding consultation on revisions to prudential practice guide APG 223 residential mortgage lending. While that may not mean very much to readers specifically the letter relates to APRA’s requirement for lenders to assess a mortgage on the ability of the…
Across the combined capital cities, there is currently 5.3 months of housing supply available for sale. If no more properties were advertised for sale it would take 5.3 months for current advertised supply to be purchased. For this time of year, this is the highest months of supply figure any time since 2012. To put…
According to data recently released by the Australian Bureau of Statistics (ABS) property taxation revenue increased further over the 2017-18 financial year to reach $30.293 billion. State and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year. If you were to compare these statistics to what was…
National dwelling values have fallen by -7.4% from their October 2017 peak through to the end of March 2019. While this figure is often quoted, it is also important to understand the context in terms of how much that actually equates to in dollar terms. Based on the median dwelling value at the time of…
Some green shoots for property? Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, with the latest CoreLogic Quarterly Auction Market Review showing a clearance rate of 49.9 per cent across the combined capitals. This is an increase of +6.6 percentage points on the December…
Looking at the latest ABS building activity stats the most notable change in the landscape of dwelling commencements over recent years has been the lift in apartment starts and, more recently, their fall. Here are some other highlights : Significant slowdown in dwelling commencements over the quarter House starts fall 7.6% – their lowest level…
