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…
Articles by Eliza Owen
Eliza is head Of Residential Research Australia for Corelogic and a respected property market commentator. Eliza holds a first class honours degree in economics from the University of Sydney
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…
From the 21st of February 2022, the Australian Government opened the borders and welcomed double-vaccinated tourists and visa holders from around the world. Eligible visa holders can come to Australia without a travel exemption or quarantining, and concessions are being granted to skilled visa holders in order to incentivise them to stay in the country…
In the final week of January, the ABS released the latest inflation figures for Australia over the December 2021 quarter. Inflation measures the change in the price of a basket of goods over time and is a good measure of how supply and demand pressures are playing out in the economy. It has been one…
More space, flexible working conditions, and affordability have successfully tempted property buyers to Australia’s regional areas, fuelling a surge in property values and drastically reducing selling times. CoreLogic’s quarterly Regional Market Update shows Australia’s 25 largest non-capital city regions continued to achieve unprecedented increases in value. Over the 12 months to January 2022, 24 regions recorded…
Australia’s real estate resilience continued its reign through the September 2021 quarter, according to the latest CoreLogic Pain & Gain Report. The rate of profit-making resales across Australia rose to 92.4% in the September 2021 quarter, up 0.5% from the June quarter. The three months to September saw the highest level of profitability on resales…
The property market’s fastest upswing on record, accompanied by a rapid increase in housing credit and highly elevated sales volumes has significantly supported Australia’s post-pandemic economic recovery. National dwelling values rose 22.2%, comprised of a 25.2% lift across regional Australia and a 21.3% rise in combined capital city dwelling values in the 12 months to…
It is likely that 2021 marked the peak of value growth across Australian dwellings, and may have also marked a peak for sales and listings activity. Affordability constraints have worsened, vendor activity has surged toward the end of the year, and the housing finance space is currently showing signs of tightening and slowing. The accumulated…