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…
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
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…
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…
The Australian Bureau of Statistics (ABS) released housing finance data for September 2018 and it showed a further weakening of demand for mortgages. Over the month, the total value of housing finance commitments was recorded at $29.1 billion which was the lowest monthly value since August 2014. While the decline in finance commitments over recent…
According to the latest CoreLogic Home Value Index results for October 2018, national dwelling values have fallen by -3.5% over the past year and are -3.5% lower than their peak. Although this is a pretty moderate fall it is interesting to take a look at what this means and where values sit historically. A -3.5%…
The latest housing credit data highlights that annual credit growth is the slowest it has been since late 2013 with investor credit growth the slowest on record. The latest housing credit data released by the Reserve Bank of Australia highlights ongoing sluggish credit growth. From the monthly housing finance data it is clear that demand…
The number of properties selling within a given year account for a very small portion of the overall market with the trend even lower over recent years; over the 12 months to July 2018, 4.6 per cent of national dwellings transacted, down from 5.3 per cent a year ago. The more pronounced decline in turnover…