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 Sydney housing market seemed to be losing some steam after five solid views of capital gains of pushed home values seventy-five percent higher. Dwelling values were flat over the three months ending May 2017 with a 0.7 percent rise in house failures of setting a 3.2 percent fall in unit values. Auction clearance rates…
The trend in growth rates across the smaller capital cities was mixed with dwelling values across Brisbane continuing to inch higher. In Brisbane dwelling values continued the sustainable bid moderate pace of growth tracking 1.2 percent higher over the three months ending May 2017 to be 2.3% higher over the year. Like many cities, the growth…
Melbourne dwelling values pushed a further 0.7% higher of the three months ending May 2017 with a 1.2 percent rise in house failures, offsetting a 3.9 percent fall in unit values. The latest data shows Melbourne unit values have recorded the first year on year 4 since 2013. Since dwelling values started trending higher five years…
The trend in growth rates across the smaller capital cities was mixed Perth showed further easing over the most recent rolling quarter. The Perth housing markets or dwelling values fall a further 0.4% in May to 3.8% lower over the past twelve months. Since peaking in December 2014 Perth dwelling values are now down 10.3%….
The trend in growth rates across the smaller capital cities was mixed with dwelling values across Adelaide continuing to inch higher. Adelaide dwelling values were 2% higher over three months ending May 2017 and annual capital gains were recorded at 2.9%. The growth has been mostly attributable to detached housing stock warehouse values have increased…
Australia’s capital cities saw a cooling of housing market conditions over the seasonally weak month of May with the CoreLogic hedonic home value index reporting a -1.1% fall in dwelling values across the combined capitals. The month-onmonth fall was largely the result of declines in Sydney and Melbourne, where dwelling values have recorded significant gains…
The decision yesterday by the News South Wales Government Premier Gladys Berejiklian to provide first home buyers with a stamp duty exemption for properties with a price tag under $650,000 is likely to boost demand for this under represented segment of the market. Abolishing stamp duty for first home buyers is likely to create…
The CoreLogic May Home Value Index results out today confirmed that the capital gains trend has slowed over recent months with dwelling values edging 0.4% higher over the three months ending May 2017. Australia’s capital cities saw a cooling of housing market conditions over the seasonally weak month of May with the CoreLogic hedonic…
The moderation in growth was due largely to a slightly negative April result in Australia’s largest capital city housing market, Sydney, where dwelling values were broadly flat (rounded up from – 0.04%) over the month. The April results mark the weakest monthly change in dwelling values across the Sydney property market since December 2015, when…
Monitoring of the data flows over the coming months will provide firm evidence as whether this latest housing market reading develops into a softening trend. Brisbane’s housing trend remains similar to previous months with mild growth recorded across Brisbane houses while the unit values slipped lower. House values have been rising by only 2.6% over…
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