When it comes to most aspects of life, $1 million goes a long way. Whether it’s a lifetime of family groceries1, 75 years’ worth of household transport costs2, or smashed avocado for breakfast every day, for over 100 years3. For housing, however, $1 million is increasingly standard. In August last year, the median house value…
Housing has become one of the defining issues of the 2025 Federal Election. As affordability worsens and rental markets remain tight, the question of how to support Australians into secure, affordable housing has rightly become central to both major parties’ campaigns. Both major parties have released policies aimed at improving access to home ownership, particularly…
According to CoreLogic’s 2025 Women & Property report, Australia has a ‘gender investment gap’, where Australian women are underrepresented when it comes to investment properties and other investment types. The report, released in the lead-up to International Women’s Day, surveyed home ownership status, and motivations, barriers and attitudes towards dwelling ownership among women and men…
In the current economic climate, these rate cuts should go a long way in boosting consumer confidence, signalling an end to the recent battle Based on previous periods of rate reductions, CoreLogic estimates that national dwelling values would increase an average of 6.1% for each 1 percentage point decline in the cash rate- but Australia…
As we step into 2025, the economic landscape is shifting. Pandemic-driven trends like high inflation and overseas migration are easing. The RBA cash rate might finally drop, with lending policies playing a role in how this impacts the market. Unemployment is set to rise, but those with secure jobs will enjoy higher real incomes. Residential…
After 21 months of growth that pushed values up 14.3%, CoreLogic’s national Home Value Index (HVI) has finally recorded declines. After peaking in October, the national index steadied in November (-0.01%) and recorded a -0.1% decline in December. The start of a cyclical downturn is unsurprising, as monthly home value growth has slowed since June…
In the face of elevated interest rates and global uncertainty, the Australian housing market demonstrated surprising resilience throughout 2024 with the number of home sales increasing 8% on the previous year, according to CoreLogic’s Best of the Best report for 2024. The total number of home sales reached 528,000 nationally in the 12 months to…
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…
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…
