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…
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…
