Australia’s housing market downturn is gathering momentum as consecutive rate hikes, rising inflation and weaker consumer confidence place additional pressure on values. CoreLogic’s data shows that 41.9% of house and unit markets analysed in the June quarter declined in value, a significant increase from Quarter 1 when 23.6% of markets recorded a fall in values. Using…
Australia’s rental market continues to tighten as low supply levels cause national vacancy rates to dive and rents to rise across all capital cities and property types over the past three months. CoreLogic’s Quarterly Rental Review for Q2 2022 shows the national rental index increased 0.9% in the month to June and 2.9% over the…
