Housing values were virtually steady across Brisbane in August, down by one-tenth of a percent over the month while the estimated number of home sales was up 0.3%. Brisbane’s home values have been resilient to major falls. Since moving through a recent peak in April, home values have fallen by 0.9%, with larger falls across…
Articles by Tim Lawless
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 rate of decline in Sydney home values eased in August, with values down half a percent over the month compared with last month’s drop of 0.9% and a 0.8% fall in June. Clearly home values are still falling, just not as quickly as they were previously. Auction markets are also pointing towards stability in…
Melbourne home values and market activity are being adversely affected by stage four lockdown conditions. Home values were down 1.2% in August following a similar result in July, taking the cumulative decline to 4.6% through the COVID period so far. Similarly, our estimate of home sales has fallen 20% compared with June, demonstrating the impact…
Housing values across Adelaide were unchanged in August. Through the COVID period to-date, values across the capital have slipped by only one-tenth of a percent. Houses and units have returned the same result over the past three months, with both sectors of the marketplace down 0.1% in value. Lower value properties have shown a slightly…
Perth’s housing market has staged a turnaround since the early months of the coronavirus. Home values fell 1.6% between May and June, with the rate of decline more than halving through July and values holding firm in August. The levelling out in the rate of decline was accompanied by a lift in the estimated number…
Australian home values moved through a fourth of COVID-induced fails, with the CoreLogic home value index recording a 0.4% in August. Although housing values continued to trend lower from their pre-COVID highs, at least from a macro perspective, the rate of decline has eased over the past two months, and five of the eight capitals…
Australian home values moved through a fourth month of COVID-induced falls, with the CoreLogic home value index recording a 0.4% fall in August. Although housing values continued to trend lower from their pre-COVID highs, at least from a macro perspective, the rate of decline has eased over the past two months and five of the…
Australian housing values racked up a third consecutive month of declines in July, with CoreLogic’s home value index dropping 0.6% over the month, a slight improvement from June when the national series was down 0.7%. Across the capital cities, only Canberra (+0.6%) and Adelaide (+0.1%) posted a rise in dwelling values over the month, while…
There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by…
With Melbourne returning to lockdown conditions amidst an acceleration in virus cases, it’s worthwhile looking back at the housing markets performance through the earlier lockdown period. From midnight of July 8th, residents of Melbourne and the Mitchell Shire will be unable to leave their home unless they are shopping for essential items, seeking/giving medical care,…