Profitable dwelling resales continue to rise according to the latest CoreLogic Pain and Gain report which analyses the performance of property resales across the nation. Almost nine in ten (87.4 per cent) property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers…
Articles by Eliza Owen
Eliza holds a first class honours degree in economics from the University of Sydney and is a regular on Backchat on FBI Radio, and have been a guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and at TEDxYouth Sydney. Her property market commentary has appeared in The Guardian Australia, the Australian Financial Review, Pedestrian TV and the Daily Telegraph. Eliza is currently head Of Residential Research Australia for Corelogic.
The first home loan deposit scheme (FHLDS) commenced 1st of January 2020. It is a leg-up over the deposit hurdle for first home buyers (FHB) struggling to accumulate a sizeable deposit, providing eligible Australians the opportunity to buy their first home with a deposit as low as 5% of the purchase price. A government guaranteed…
While wage growth sits at a record low 1.9% against higher costs in basic needs like housing and health, and consumer confidence hits a 12 month low of 96.23, it is no wonder that people are paying more attention than ever to events such as the Census. A flush of new data gives a clearer…
Foreign exchange (forex) reserves in China increased for the fourth consecutive month in May 2017. It is the longest growth period in Chinese forex in almost three years. If the trend continues, Chinese financial regulators may ease capital controls currently inhibiting foreign direct investment. Central banks use forex reserves to offset currency depreciation when the…
If the only inevitabilities in life are death and taxes, then the economy and government policy will start to reflect it. This is particularly evident when the baby boomer generation goes through the significant transition to retirement. In March 2017, an unprecedented value of building work was approved in construction of aged care facilities, totalling…
When taking a holistic approach to what makes house values rise, retirement costs are an obvious contributor. I have argued that because of favourable tax treatment and finance structures, housing presents an appealing investment for individuals who are facing health and aged care costs. This could be part of why investment in housing has increased…
Here’s a short video to help investors understand the history of the Sydney property market. Onthehouse.com.au analysis of historical house price data has revealed just how high Sydney’s property prices have soared in the last 35 years, pinpointing the suburbs that have seen the most median value growth since 1980. The research revealed that eastern suburb Bellevue Hill was…
Australian house and unit markets generally performed well over the October quarter, with the median house value increasing 3.05% over the quarter and unit growth of 1.06% in the same period, according to the Residex non-revised median valuation figures. Growth was likely driven by a combination of low interest rates, relatively positive economic indicators and…
Here is Residex’s latest property market update. Table 1 presents the Residex non-revised growth in median values. These figures suggest the Australian house market grew 1.63% in the September quarter. Growth was driven almost entirely by a strong surge of 1.63% in the month of September, off the back of a slight decline in August….
The national housing market has recorded a slight decline in median house and unit values over August 2016 according to the Residex median value index. The falls in median values have been fairly broad-based across the country. The August figures are detailed in Table 1 below (note that Residex median values are non-revisionary and are…
