The Melbourne housing market recorded a 1% fall in values over the month, taking the annual decline to -9.1% and total decline since the market peaked to -9.6%. CoreLogic has released their newest housing market update for March 2019. Values are generally trending lower across all of Melbourne’s sub-regions, however detached houses are showing weaker conditions relative…
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
Brisbane housing values have held reasonably firm over the past few years, however recently market conditions have softened a bit and the annual change in values has turned negative for the first time since 2012. CoreLogic has released their newest housing market update for March 2019. The twelve months ending February saw values dip half a percent,…
In Sydney we saw dwelling values fall by 4.1% over the past three month, with the rate of decline easing to 1% in February. CoreLogic has released their newest housing market update for March 2019. The annual pace of falls is now measured in double digits, with dwelling values down 10.4% over the year. Values are generally…
The Adelaide housing market is living up to its steady reputation with values holding firm over the month and increasing by 1% over the past twelve months. CoreLogic has released their newest housing market update for March 2019. While this may seem like a weak result, compared to other capital cities, Adelaide has been one of the…
Housing market conditions remain challenging across Perth, with the market remaining in an entrenched downturn since mid-2014. CoreLogic has released their newest housing market update for March 2019. Since peaking, Perth dwelling values are down almost 18%, with conditions weakening further over the second half of 2018 and into 2019. Local labour markets are continuing to…
Rental rates nationally have been falling since May 2018. Rental rates fell by -0.3% over the December 2018 quarter however, they were 0.5% higher over the past year. Annual rental growth is the slowest it has been since July 2016 and lower than the 2.7% growth recorded in 2017. Combined capital city rents fell by…
While Australia’s population continues to grow quite rapidly, the rate of growth has slowed. It was estimated that at the end of the June 2018 quarter, the national population was 24,992,369 persons. Australia’s population increased by 1.6% or 390,509 persons over the 12 months to June 2018. The 390,509 annual person increase in the national…
Dwelling approvals are now trending lower for houses and units. In November 2018, 15,465 dwellings were approved for construction nationally which was the fewest monthly approvals since August 2013. Approvals fell by -9.1% over the month to be -32.8% lower year-on-year. After peaking in November 2017, the number of approvals in August 2018 was -32.8% lower….
Decreased mortgage lending is slowing our property markets. The value of housing finance commitments is now in a clear downwards trend. In November 2018 there was $29.1 billion in housing finance commitments by Australian lenders. The total value of housing finance commitments fell by -2.5% over the month and was -13.1% lower year-on-year. The $29.1…
According to the CoreLogic home value index results, the pace of declining property values eased slightly over the last month relative to the previous two months. However, housing values continued to trend lower with six of the eight capitals and four of the seven ‘rest of state’ markets recording a drop in values over the…
