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
This week marks 12 months since the combined capital city auction market last recorded a clearance rate above 70 per cent, with selling conditions progressively weakening over the year as property values fall resulting in fewer homes selling at auction. There were 2,287 homes taken to market this week across the capital cities, returning a…
There were 2,089 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 60.3 per cent. Last week, 2,279 auctions were held and the final clearance rate dropped to 58.2 per cent, the lowest clearance rate seen since December 2015 so it will be interesting to see…
Regional population and migration data for 2016-17 recently released by the Australian Bureau of Statistics tracks Australia’s internal migration trends. CoreLogic Property Pulse, takes a deeper dive into the latest results. Note: For this analysis the focus is the internal movements from the Greater Capital City Statistical Areas (GCCSA) to other SA4 regions across the country…
Dwelling values, particularly those in Sydney and Melbourne, have been falling now for a number of months. The latest ABS housing finance data indicates that the impact of these falls is now seemingly being felt in demand for new mortgages. While the value of lending fell over the month for owner occupiers and investors, the…
After many years of strong increases in dwelling values, the two largest housing markets, Sydney and Melbourne, have begun to see values fall over recent months. While values are declining in both cities the speed of the declines vary greatly, both compared to one another and compared to other recent downturns in these housing markets….
First home buyers are on the move again as attractive incentives become available in NSW & Vic. Housing finance data from The Australian Bureau of Statistics (ABS) on first home buyer activity has generally shown that this segment of the market has been tracking at below average levels over recent years. However, with each state…
CoreLogic’s stratified hedonic home value index shows the most expensive sector of the market is slowing rapidly as has been the case in other recent housing market slowdowns. The stratified hedonic index measures the change in values across three broad value based segments of the housing market: the most affordable 25% of properties, the middle…
Earlier this week the Reserve Bank (RBA) published their latest household finance ratios which showed the ratio of household and housing debt to disposable income continued to climb over the December 2017 quarter, reaching a new record high. Each quarter, the RBA publishes a spreadsheet of selected household finance ratios. The data provides insight into…
The share of residential property sales over $1 million continued to climb in 2017 across most of the capitals. With dwelling values now falling what will 2018 bring for sales of $1 million property. Research from CoreLogic shows that over the 12 months to December 2017, 16.1% of all houses and 9.5% of all units…
Despite a slowing property market, the vast majority of home sales (nine out of 10) in Australia are still turning a profit for their vendors. Across the nation, 91.1% of all properties that resold in the December quarter went for a price above their previous purchase price. The quarterly CoreLogic Pain & Gain report www.corelogic.com.au/…
