Brisbane dwelling values have continued to rise at a solid pace, up 1.2% in June, which is on par with the previous two months. In dollar terms, dwelling values are rising by just over $10,000 a month. Brisbane house prices graph The unit sector is showing substantially stronger growth conditions with values up 10.3% through the…
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
Perth is showing little evidence of a slowdown, recording a 2% rise in values in June and a 23.6% increase in the last financial year. The annual gain is the equivalent of values rising by almost $145,000. Despite persistently strong growth conditions, Perth dwelling values remain relatively low compared with the eastern capitals. Extremely low…
Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the 2023-2024 financial year, the equivalent of a $59,000 increase in the median value. In that year, annual growth was way down by a 7.5% drop in values in the nine months following the May 2022 cash rate hike. Despite…
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…
Australian dwelling values increased a further 0.7% in June, taking growth to 8.0% across FY2023-24. This is the equivalent of a $59,000 increase to the median dwelling value in Australia, which is now $794,000. The annual rise was in stark contrast to the FY2022-23 when CoreLogic’s national index was down -2.0%. In that year, annual growth…
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…
The pace of growth across Australian rental markets has eased over the past few months, with CoreLogic’s national rental index rising 0.7% in May, the lowest monthly change since December last year. Most markets have seen a reduction in rental growth relative to the first quarter of the year when rental demand tends to be…
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…
Amidst Australia’s historic two-year rate hike cycle, the property market has become a picture of resilience and decline, showcasing stark contrasts across cities, suburbs, and regions. A CoreLogic Australia analysis comparing the property market’s performance two years before and after the rate hike cycle reveals that home values across the nation have risen only 2.8%…