Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. Perth’s housing market continues to run its own race with values up 2% in July to be 24.7% higher over the past year. The monthly gains are four times the combined capital…
Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. The growth trend in Adelaide dwelling values has accelerated over the past three months with values rising 5% over the rolling quarter, the fastest growth trend since the three months leading into…
Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. Brisbane dwelling values rose another 1.1% in July, adding $9,820 to the median value of a home over the month. Housing values are up 16% over the year, or in dollar terms, about $120,250 in…
Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. Sydney home values moved through an 18th straight month of growth with values rising 0.3%, in line with the June result, but down substantially from the rapid monthly increases between February and…
Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. Melbourne’s housing market has continued a run of weakness with values down 0.4% in July, the fourth consecutive month-on-month decline. On an annual basis, Melbourne home values are virtually unchanged at 0.2%…
Nationally, home values rose another 0.5% in July on par with the 0.5% increase recorded in June and the 18th consecutive monthly increase in home values nationally. Change in house prices, 12 months to July 2024: Source: CoreLogic Housing Trends Across Capital Cities Three capital cities have recorded a decline in values over the past…
After years of unprecedented accelerated growth, residential construction costs have stabilised, growing at the slowest annual rate in 22 years, CoreLogic’s Cordell Construction Cost Index (CCCI) shows. The Q2 2024 national CCCI, which tracks the cost to build a typical new dwelling, recorded a 0.5% rise, a further slowing from the 0.8% increase recorded in Q1. During…
Mortgage arrears have been rising from their COVID lows of just 1.0% in Q3 2022, reaching 1.6% in the March quarter of 2024. Although this was the highest reading on mortgage arrears since Q1 2021, the portion of loans falling behind on their repayment schedules was slightly higher at the onset of COVID at 1.8%….
The cash rate was held firm at 4.35% in June, having been at this level since the 25- basis point rise in November last year, and up 425 basis points since the record low of just 0.1% between November 2020 and April 2022. For some longer-term context, the current cash rate setting is 1.8 percentage…
As we approach the cooler winter months the flow of new listings coming to market is slowing, but tracking well above the previous five-year average. Over the past four weeks, CoreLogic tracked 38,258 freshly advertised properties, almost 18% more than at the same time last year and 7.7% above the previous five-year average. The above-average…