Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
The latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Brisbane (-0.6%). Brisbane’s housing market has continued along a surprisingly weak trajectory, with dwelling values slipping by 0.6 percent over the month and rising by only 2.2 percent over the past year. With annual growth…
Sydney’s clearance rate has been below 70% for seven of the past eight weeks. The most substantial decline in rental yields has been in Sydney, where dwelling values are up 77.3% compared with a 15.5% rise in weekly rents. The Sydney housing market saw its dwelling values rise by 1.4 percent in July while the pace of…
Most individual capital cities recorded a rise, however, a 3.1% gain in Melbourne was a significant driver for the strong monthly result across the combined capitals. Melbourne appears to be benefitting from consistently high population growth which is creating strong demand for housing, as well as consistently high jobs growth and more affordable housing options…
The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month. Adelaide’s housing market has continued to trend steadily higher with twenty values 1.1% higher over the month to be 2.5% over the year to date. Dwelling values are rising only slightly faster…
The latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Perth (-1.3%). Perth and Darwin have continued to see dwelling values slip lower over the month, taking the cumulative decline to 10.2% in Perth and 14.5% in Darwin since both markets peaked in 2014. Dwelling…
The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month. Most individual capital cities recorded a rise, however, a 3.1% gain in Melbourne was a significant driver for the strong monthly result across the combined capitals. The recent bounce in capital…
The housing market is gradually responding to higher mortgage rates, tighter credit policies and affordability challenges, with the quarterly trend in capital gains moderating relative to early 2017. The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month. Most individual capital…
Newly released Census data highlights the rapid densification of Melbourne’s CBD where the number of residents per square kilometre has more than doubled over the past decade. The 2016 Census has revealed the most densely populated SA2 region in Australia is now Melbourne, with the 2.4 square kilometre region home to 37,754 residents, equating to 15,754 residents…
Adelaide dwelling values held reasonably steady over the June quarter down 0.2%, as a result of a weaker performance across the unit sector. Detached housing showed a much stronger result with values up half a percent over the June quarter to be 2.7% higher over the past 12 months. Compare with a 1.3% fall across…
Sydney’s housing market is showing all the hallmarks of a controlled slowdown. The trend towards lower capital gains across the combined capitals index is mostly attributable to softer conditions across the Sydney housing market, where quarter-on-quarter growth was recorded at 0.8% over the June quarter; down from 5.0% over the March quarter. Advertised stock…
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