Cheaper homes don’t make for more homes. The contradiction at the heart of our housing challenge right now is that more supply is needed to help housing values come down. In reality, though, the residential construction sector is still struggling to deliver housing with a reasonable profit margin. For private sector developers and builders, arguably…
A new analysis from CoreLogic has identified 65 markets in Sydney and Melbourne where values are below record highs from the 2010s and vendors are even willing to sell at a loss… but buyers aren’t interested. Housing affordability in Australia continues to deteriorate on several fronts amd the rate of newly built housing supply has…
Australian property delivered a median nominal gain of $285,000 from resales in the June quarter – setting a record high for the series going back to the early ’90s. CoreLogic’s latest Pain & Gain report (Q2 2024) analysed approximately 91,000 resales over the period, revealing 94.5% of transactions recorded a nominal gain, one of the…
New data from CoreLogic indicates 2021 is the most common year in which homes were last purchased, and roughly one in five Australian homes were purchased in the past five years. A snapshot of when Australian housing stock was last bought over time is presented in Figure 1 below. Unlike an annual turnover rate, which…
With spring around the corner, buyers, sellers and property professionals are gearing up for a lift in sales and listing activity – but for some sellers in Melbourne, Hobart and Sydney, spring does not necessarily mean that demand will lift. Spring can be a popular time for both sellers and buyers alike as the chill…
Tenancy reform is making headlines this week after the NSW government announced a ban on ‘no grounds’ evictions. One fear associated with tipping the balance more in favour of tenants is that landlords could exit the market, and new investors may be dissuaded from purchasing property, thus reducing rental supply and pushing up rents. But…
Rental affordability continues to deteriorate in Australia, however, new data from CoreLogic shows renters are starting to favour larger dwellings. A slight slowdown in net overseas migration might also be a driving factor slowing demand for smaller, inner-city units. CoreLogic’s newly launched bedroom count metric – which analyses housing market performance segmented by the number…
The monthly CPI indicator showed inflation increasing in the year to May, with the ‘trimmed mean’, annual inflation measure lifting to 4.4%, up from 4.1% in April. While the monthly CPI indicator isn’t as complete a measure as the quarterly inflation result, there is concern that inflation is back on the rise, which could necessitate…
Australian home values have risen 35.6% since the COVID-19 pandemic hit Australia in March 2020. The market saw a strong cycle of growth through the pandemic, and a short-but-sharp drop in values following the commencement of the rate hiking cycle, and made a full recovery in value by November 2023, hitting fresh record highs each…
For a Budget that made housing one of its central focuses, the federal government has three big ‘misses’ in the plans laid out on Tuesday night. Our Budget analysis considers what could be done more efficiently in the approach to Commonwealth Rental Assistance (CRA), construction, and use of existing supply. What did the Budget get…
