Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. ABS lending data shows first home buyer finance commitments have fallen -22.8% since January 2021, and rising rent prices have created housing stress for tenants, particularly in parts of regional Australia. Perhaps a more bizarre…
Articles by Eliza Owen
Eliza is head Of Residential Research Australia for Corelogic and a respected property market commentator. Eliza holds a first class honours degree in economics from the University of Sydney
Just five months after reaching $8 trillion in value, CoreLogic has announced its estimate of the total value of residential real estate in Australia has surpassed a new record of $9.1 trillion. The surge in value follows the recent broad-based capital gains witnessed across the country, with most housing markets now beyond their peak. The…
A staggering number of Sydney property owners made a profit on reselling their homes in the June quarter of 2021 as the Sydney property markets surged. CoreLogic’s latest Pain & Gain Report analysed approximately 106,000 resales of residential real estate nationally, where the latest sale date of the property occurred in the June 2021 quarter…
Despite many weeks of lockdown, Melbourne houses had the highest rate of profit-making sales of the capital cities at 98.9%, up from 98.4% in the previous quarter according to the CoreLogic’s Pain and Gain Report. Melbourne was one of two capital city markets (alongside Hobart) to see an increase in the rate of loss-making sales…
Nine out of ten owners of Brisbane property owners made a profit on reselling their homes in the June quarter of 2021 as the South East Queensland property markets surged. In the June 2021 quarter, 93.9% of owner-occupied resales made a nominal gain, compared with 87.7% of investor resales . CoreLogic’s latest Pain & Gain…
Australian property owners cashed in on the highest level of profitability in a decade as an overwhelming majority of vendors recorded a profit, CoreLogic’s latest Pain & Gain Report revealed. In the June 2021 quarter, 93.9% of owner-occupied resales made a nominal gain, compared with 87.7% of investor resales. CoreLogic analysed approximately 106,000 resales of residential…
With our property markets booming this year a staggering number of property owners made a profit on reselling in the June quarter of this year according to the latest Pain and Gain report. CoreLogic analysed approximately 106,000 resales of residential real estate nationally, where the latest sale date of the property occurred in the June…
Australian homeowners have cashed in on the highest level of profitability in a decade as an overwhelming majority of vendors recorded a profit according to Corelogic’s Pain & Gain Report. More than nine out of 10 home sellers sold for a gain during the June quarter, a 9 per cent increase compared to the first…
Tight listings, record-low mortgage rates, and Australia’s extraordinary growth in housing values have led to continued strong resale gains for vendors, particularly in the country’s regional and tree change markets. CoreLogic’s Pain & Gain Report shows 91.5% of resales during the June quarter recorded a nominal profit-making gain from the previous purchase price, the highest level…