The number of Australian suburbs with a median house or unit value in the million-dollar club reached a new record high in August, according to the latest CoreLogic Million-Dollar Markets report. The report shows that 29.3% of the 4,772 suburbs analysed recorded a current median value at or above $1 million, up from a recent…
Regional property markets are experiencing a slowdown in value growth as affordability constraints, normalising listing levels, and the elevated interest rate environment continue to impact growth, according to CoreLogic’s Regional Market Update. Regional markets saw dwelling values increase by 1.3% over the three months to July, compared to a 1.8% rise in capital cities. The…
The winter chills are driving temperatures lower across the country, but the thermometer is not the only thing that has been dropping. CoreLogic’s daily home value index has seen a marked easing in the rolling four-week change, with national values rising just 0.5% over the four weeks to 18th July, down from a 0.7% rise…
Growth in Regional Australia’s dwelling values and rents continued to pick up pace over the past three months, taking both to new record highs, CoreLogic’s Regional Market Update shows. Dwelling values across Regional Australia rose 2.1% in the three months to April 2024, the fastest quarterly growth rate in almost two years, outperforming capital city…
Over the past 12 months, CoreLogic’s Home Value Index has risen 8.9%, adding the equivalent of approximately $63,000 to the national median dwelling value ($765,762) and taking the index to a new all-time high in February. A recent suburb-level analysis found that 88.4% (4,087) of the 4,625 house and unit markets analysed nationally saw values…
After recording stronger growth and milder declines through the recent cycles, a new analysis of Australia’s regional housing markets shows many areas have lagged their capital city counterparts over the past year. CoreLogic’s refreshed Quarterly Regional Market Update, which now analyses value and rent changes across the country’s largest 50 non-capital Significant Urban Areas (SUAs),…
Despite worsening affordability easing the pace of rental growth in Australia, rental availability tightened in September, with vacancy rates falling to new record lows across the country. CoreLogic’s Quarterly Rental Review for Q3 2023 shows rental values rose 1.6% over the quarter, down from the 2.2% rise seen in the June quarter and a full…
The medium to high-density sector has increasingly become an important part of Australia’s residential real estate market, with units steadily making up a larger portion of Australia’s housing stock. In August, CoreLogic estimated that units made up 25.9% of national housing stock and around 30.4% of Australia’s capital city housing stock, up from 19.6% and…
After outperforming house values since May 2022, national unit values recorded a milder monthly increase compared to houses in May. Unit values increased 0.9% compared to houses, which rose 1.2% while the quarterly trend also switched in favour of houses, up 2.4% over the three months to May, compared to a 2.2% quarterly rise for…
Almost 1,700 Australian house and unit suburbs have recorded a rental increase of 10% or more in the past year, despite the pace of rental growth showing signs of easing. CoreLogic’s national rental index shows the rate of rental growth has softened slightly, with rents up 0.8% in May compared to the 0.9% and 1%…
