The Reserve Bank of Australia is under increasing pressure to raise the cash rate after headline and underlying inflation posted a stronger than expected result in Q1. Concerns about the impact of inflation and potentially rapidly rising interest rates on the property market abound, but a myriad of micro and macro factors should be considered…
There is a potential gender wealth gap in Australia according to CoreLogic research. Of the properties analysed across Australia, female ownership was inferred for 26.6%, compared with 29.9% for men. While 43.5% of properties analysed were jointly owned by men and women. A closer look at housing and unit ownership trends Of the houses analysed…
Top-end and inner-city suburbs of Melbourne and Sydney are seeing a slip in values as higher fixed mortgage rates, affordability and increased buyer choice impact values at a granular level. CoreLogic’s quarterly figures confirmed there was a gradual shift from a prolonged period of broad growth to a multi-speed market that differed between capital cities,…
Our rental markets are on the move. CoreLogic’s recently released Quarterly Rental Review shows the national rental index increased 1% over the month of March and 2.6% over the March quarter. Continuing the trend seen since the onset of the pandemic, regional dwelling rents outpaced growth in capital city dwelling rents over the quarter, with…
Homeownership in Australia is embedded in wealth accumulation, security of tenure, and security in retirement. In other words, homeownership in Australia makes life a lot easier in the long run than renting. While surveys indicate most Australians want to own their own home, the latest available data shows only 66% of households do. As we…
Australia’s latest inquiry into housing affordability and supply provides an update on some of the key issues weighing on homeownership across Australia. The report provides sixteen recommendations that can loosely be split into either supply or demand-side factors that influence housing prices. Across its 200+ pages, the report provides a valuable summary of the evidence…
The global pandemic has catalysed remarkable shifts in the Australian housing market. From the temporary shutdown of cities to an unprecedented monetary policy strategy, the new-found popularity of regional and low-density housing preferences, and the introduction of various government home-buying incentives, the COVID period has had distinct impacts on the composition of buyers and the…
Slowing buyer demand, tighter lending conditions, and affordability constraints contributed to an easing in Australia’s national home value growth rate in February. The lowest rate of growth since October 2020 coincided with a new record high for the residential market’s combined value, which hit $9.8 trillion at the end of February, up from $9.7 trillion…
Property market performance across Australia’s east coast, particularly South East Queensland and Northern New South Wales over the past year, could be summarised as having leading price growth, increased auction activity, and favourable internal migration trends. However, the end of February was a sobering reminder of the impact of extreme weather events and climate change….
National dwelling values rose 1.1% over January, up from the results seen in December (1.0%). This uptick was almost entirely driven by the lower density sector with national house values increasing 1.3% in January, up from 1.2% in December, while unit value growth slowed from 0.4% to 0.3%. Despite this, both houses and units recorded…
