Property investor activity in the Australian housing market has been falling has been falling since early 2015, after macroprudential policies were implemented in Australian mortgage lending. Apart from a brief ‘bounce’ in 2016, investor participation has been consistently trending lower. The latest ABS housing finance data shows the portion of housing finance for the purchase…
Three major housing-related measures were highlighted in Treasurer Frydenberg’s budget address on the 6th of October: an extension of the First Home Loan Deposit Scheme (FHLDS), additional low-cost financing for affordable housing through NHFIC, and additional funding for the Indigenous Home Ownership Program. Other measures detailed in the budget papers included a proposed capital gains…
The past 6 months have highlighted major shifts in Australian housing markets. For example, data hints at demand pivoting from the largest capital city dwelling markets to regional Australia, inner city rental markets suffered from a slowdown in international migration while rents rose in outer-suburbs, and Perth dwellings may be back on track for a…
The past few weeks have shown signs of a positive turn in the housing market. There has been a strong rebound in consumer sentiment, and outside of Melbourne, auction clearance rates and volumes are rising. More recently, CoreLogic listings data has shown that in some cities, vendors are also more willing to test the market…
The onset of COVID-19 may be creating a two-speed rental market, with inner-city rents declining faster than those in the outer suburbs. CoreLogic data confirms that there is a positive correlation between changes in rent values and distance to the CBD. This means that the closer a region is to the CBD, the more likely…
Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4% respectively over…
Recent forecasts from Treasury indicate annual population growth across Australia is set to slow from around 1.4% pre-COVID, to 0.6% through the 2020/21 financial year. In raw numbers, that implies Australia’s annual population growth will reduce from around 350,000in 2019 to 154,000over the year ending June 2021 – a reduction of 56%relative to 2019levels. If…
A key takeaway from CoreLogic data amid the pandemic, is that transaction activity slows significantly in response to COVID-19 restrictions. The resulting loss of employment, lower consumer sentiment and border closures have had a much larger impact on the number of properties marketed and sold, than property prices themselves. This was seen from the Stage…
Capital city dwelling values have been affected differently across Australia in the wake of the pandemic. As well as anecdotes of demand in regional lifestyle areas, the ACT dwelling market has been the clear ‘winner’ of the capital cities, increasing 1.3% in value between the end of March and the end of July. This came…
COVID-19 continues to show an acute impact on inner city rental markets, the latest CoreLogic data on rental listings has revealed. In the 28 days to August 9, total rent listings on market across Australia had eased on the previous month, falling 10.9% nationally. While most regions are now seeing rental markets gradually tightening, there…
