New data suggests changes to mortgage lending rules in the near future are unlikely, despite rapidly rising home values. Recent data from the Australian Prudential Regulation Authority (APRA) suggests that while the proportion of loan originations that could be ‘higher risk’ showed a slight increase through the December quarter, the regulator saw no evidence of…
CoreLogic’s inaugural Women and Property: State of Play report released on International Women’s Day boosts evidence of the relationship between the gender pay gap and the gender wealth gap. It suggests addressing gender income equality could support closing the wealth gap as it relates to real estate over time. The report analysed a 2021 snapshot…
Melbourne and Sydney unit rents stall while regional markets soar. Across the individual property types nationally, houses substantially outperformed units over the year, with house rents rising by 3.9% annually against a 3% reduction in unit rents. The decline in unit rents was largely concentrated around the inner city markets of Melbourne and Sydney, contributing…
The below maps illustrate the impact of COVID-19 induced restrictions on the inner city rental market across our two largest capital cities. The geographical view also highlights the flow-on effect to the outer coastal regions where rental growth has been quite substantial in comparison. Rolling quarterly change in rental values
National rental rates rose by 0.6% over the month of December, taking national rents 1.9% higher over 2020 calendar year; the largest annual increase since 2018. Rental conditions in 2020 were diverse with regional markets outperforming capital cities. Combined capital city dwelling rents rise 0.8% quarterly to be up 0.7% over the year, while regional…
The December quarter saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period. The combined capital city clearance rate was recorded at 69.4 per cent over the December quarter, making it the best performing quarter of 2020. The March 2020 quarter recorded a…
In a year that no one could have predicted, from a deadly global pandemic to our largest economic downturn since the 1930’s, CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient. We look at a suburb level analysis of a variety of measures used by CoreLogic…
As social distancing restrictions eased across Victoria from the end of September, more vendors put their property up for sale. In the three months to November, the number of new listings added to the market across Australia averaged around 39,000 a month. This was 20.8% higher than in the winter months. Although winter usually sees…
CoreLogic November home value indices showed a second consecutive month of property value increases following a COVID-19-induced dip. For the first time since January, every capital city recorded a rise in dwelling values. This was off the back of accommodative monetary policy and fiscal policy, converging with a strong increase in consumer sentiment and the…
Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%. Most of the debt held by households…
