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
The latest housing credit data released by the Reserve Bank showed that the expansion of housing credit continued to slow in May 2018. Housing credit growth is slowing as new housing finance commitments fall as do dwelling values nationally. Given the slowing expansion of housing credit and falling demand for new finance it seems likely…
Want to know the top performing suburbs. Recently On The House published a report outlining the top performing suburbs for houses and also for apartments based on capital growth over the past decade. Here are the findings: Australian Capital Territory In ACT, the top performing suburb over the last ten years was Mawson (where units…
According to the CoreLogic Home Value Index, national dwelling values were -1.1% lower than their peak in May 2018. The declines were primarily driven by recent weakness in the Sydney and Melbourne housing markets however, a number of other cities also have values which remain below their peak. This week’s blog presents the recent periods…
Rents are rising across Australia but at a slower pace than they were 12 months ago, Across the nation, rents remained unchanged for the month of June. However, they were 0.3 per cent higher over the second quarter of 2018 and 1.8 per cent higher over the 12 months to June 2018. The growth in…
As dwelling values fall and fewer transactions are occurring across the housing market, participants such as agent, lenders, state governments and brokers that are reliant on housing turnover may becoming somewhat concerned. Despite dwelling values having only recently started to fall, the number of settled transactions in the housing market has been trending lower since…
The housing market transitions from one in which values are growing to one where values are declining. We took a look at the suburbs that have experienced the greatest change in listings of properties for sale over the year based on properties advertised for sale over the 12 months to May 2017 and 12 months to May…
A recent study by CoreLogic using deciles to analyse dwelling value falls for properties at the top end of the market compares growth across the most affordable 10% of properties (1st decile) and the most expensive 10% (10th decile) by splitting the market into 10 even segments. The research shows that over the past 12…
The latest private sector credit data from the Reserve Bank (RBA) shows that the expansion of housing credit continues to slow with both owner occupier and investor credit growth tracking lower in April. Private sector credit figures for April 2018 and the data reiterates the ongoing slowing of demand for housing credit where over the…
Auction clearance rates cool over the first week of Winter, remaining below 60 per cent for the fourth consecutive week. The first week of Winter sees auction volumes remain steady across the combined capital cities, with 2,272 homes taken to auction returning a preliminary clearance rate of 57.6 per cent. While the preliminary clearance rate…
The Australian Bureau of Statistics (ABS) released building approvals data for April 2018. Looking specifically at dwelling approvals, there were 18,701 houses and units approved for construction in April 2018. The number of approvals is remarkably resilient considering that dwelling values are falling and there has been a significant volume of new housing approved over…
