The CoreLogic Quarterly Rental Review for June showed a strong uplift of 6.6% in rent values over the year. This follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011. The annual growth rate of 6.6% marked the strongest annual uplift in over a decade. CoreLogic data across 88 SA4 markets₁…
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
CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.2% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year. The analysis was undertaken at the individual property level, using a set of mortgage assumptions and
While rental growth is slowing, we’ve still experienced the highest rental growth in over a decade. Growth in rental rates eased over the second quarter of 2021, with the national rental index rising by 2.1% over the 3 months to June compared to a 3.2% rise over the March quarter. While rental growth has slowed…
As the delta variant of COVID-19 has spread in Australia, Greater Sydney will soon enter the third week of lockdown. With a low vaccination rate and slow vaccine distribution, temporary, pandemic-induced lockdowns may continue to be a norm for Australians through 2021. This note highlights trends that emerged from the housing market amid COVID-19- induced…
National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. This is the highest annual rate of growth seen across the Australian residential property market…
A staggering number of Melbourne property owners made a profit on reselling their homes in the first quarter of 2021. CoreLogic’s Pain and Gain report found the portion of profit-making resales in the Melbourne real estate market between January and March 2021 fell slightly (0.02%) but remained a very respectable 94.5%. Despite the decline, Melbourne…
A staggering number of Sydney property owners made a profit on reselling their homes in the first quarter of 2021. CoreLogic’s Pain and Gain report for the March 2021 quarter found the portion of profit-making resales in the Sydney real estate market between January and March 2021 increased to 93.6%. Both house and unit markets…
With our property markets booming this year, the incidence of loss-making sales across both houses and units declined in the March 2021 quarter, but the rate of loss-making sales remains substantially elevated in the unit segment. New research from CoreLogic found between January and March 2021, 90.3 per cent of all sales made a profit….
A staggering number of property owners made a profit on reselling their homes in thee first quarter of 2021 as historic low interest rates and pent up demand flooded the market with buyers. New research found between January and March 2021, 90.3 per cent of all sales made a profit. CoreLogic has analysed approximately 98,000…