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…
The latest CPI results from the ABS showed a 1.6% increase in the consumer price index over the September quarter. The increase was the highest quarterly result since 2006, and adjusting for a strong rise in inflation takes some shine off the recent value increases seen across smaller capital city housing markets in the period. Factoring…
The latest CPI results from the ABS showed a 1.6% increase in the consumer price index over the September quarter. The increase was the highest quarterly result since 2006, and adjusting for a strong rise in inflation takes some shine off the recent value increases seen across smaller capital city housing markets in the period….
One of the lessons learned about the property market through COVID-19 is that listings numbers have been extremely responsive to changes in social distancing policies. Despite an extended lockdown, Melbourne is no exception. Since onsite, private inspections resumed on the 28th of September, new listings volumes have soared. The result is likely due to months…
