This time last year, CoreLogic’s Million Dollar Market report featured a record number of house and unit markets at the suburb level with a median value of $1 million or more. One year and 12 interest rate rise later, membership to the million-dollar club has become more exclusive, with many of last year’s new entrants…
Strong tenant demand for capital city unit rentals and a shortage of available listings has drastically closed the gap between median house and unit rents, with the gap dropping from $64/week to $39/week in the space of a year. CoreLogic’s monthly Australian Unit Market Update shows growth across capital city unit rents continues to outpace…
Australia’s property downturn continues to take its toll on premium regional markets that benefited most from the mass exodus away from capital cities during the height of the pandemic, with softer values, longer days on the market and bigger vendor discounts. CoreLogic’s quarterly Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows…
Following the one-year anniversary of the East Coast floods, the devastating impact that extreme weather events and climate change can have on people and property cannot be understated. Last year’s weather events, described by some as a ‘rain bomb’ that saturated areas of South East Queensland and coastal NSW saw thousands of properties inundated, displacing…
Successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in Australia’s 2022 housing market performance, CoreLogic’s Annual Best of the Best report reveals. When summing up the year that was, CoreLogic Head of Research Eliza Owen highlighted two distinct characteristics of capital growth trends in 2022, with the first…
The COVID-induced boom for Australia’s regional housing market has burst, with several regional markets that had the strongest value growth through the upswing now among the fastest declining markets. Corelogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows house values in six of the most popular lifestyle markets recorded falls of…
Australia’s housing market downturn has become more widespread, with four in five house and unit markets analysed across the capital cities recording a fall in values over the past three months, almost double the number that declined in the previous quarter. CoreLogic’s interactive Mapping the Market tool shows 79.5% or 2,405 house and unit markets…
As Australia’s rental market continues to tighten to record levels, the pace of rental growth has started to ease, suggesting affordability constraints are having an impact. CoreLogic’s Quarterly Rental Review for Q3 2022, shows the national rental index had its smallest monthly increase this year, up 0.6% in the month to September and 2.3% over…
After COVID lockdowns fuelled record-breaking growth rates among many of Australia’s regional lifestyle areas, NSW and Queensland’s beach and country hot spots have been the first to register a quarterly fall in house values. CoreLogic’s latest quarterly Regional Market Update examines growth conditions across Australia’s largest non-capital city regions, showing the largest 25 non-capital city…
Did you know that a record number of Australians spent $1 million or more to secure a home in the past year? Over the year to March 2022, CoreLogic collected 596,733 sales nationally, up 19.8% from the 497,923 sales recorded the previous year. In all of these, 23.8% sold for $1 million or more. Clearly…
