Articles by Eliza Owen

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


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Over the past two months, economic and housing market indicators have been fairly subdued. However, they have shown an improvement since April. A rise in sales over May saw a strong absorption of new listings, clearance rates have rebounded since the easing of restrictions, and consumer confidence has rebounded 33.0% since its trough in May….

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Amid COVID-19, much attention has been given to weaker rental market conditions. But as with buying and selling property, market conditions vary substantially among regions. New data estimates from CoreLogic, calculating the portion of rental stock advertised, shows further variation in the performance of rental markets across different capital cities. The percentage of rental housing…

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COVID-19 has brought about downside risks for the economy and housing market. A 0.3% decline in March GDP confirmed a technical recession is underway in Australia, total wages paid fell 5.4%between mid-March and early May, and Australian dwelling market values saw the first month-on-month decline since June 2019. But one surprising sign of stabilising emerged…

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The start of the Perth dwelling market recovery comes at an unfortunate time. In early 2020, the Perth dwelling market had four consecutive months of dwelling value increases, which is the longest stretch of capital growth since 2014. The Perth dwelling market has a long road to recovery. By the end of April, the house…

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On the 25th of March, real estate agents were temporarily banned from hosting open property inspections and on-site auctions. The ban resulted in changes to the auction process, which went from on-site to online. These changes are reflected in some startling data points in the auction results. Below is a summary of typical auction outcomes…

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COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space. Prior to COVID-19, the Australian rental market was already weak. Now, new challenges are here. As Australian borders remain closed to tourists, and government policies restrict short-term rental arrangements, Airbnb rentals are converting to long-term rental…