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
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…
![Perth Housing Market Update [video] | November 2018](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/Perth1-270x200.jpg)
The downturn that has been long-running across the Perth housing market seems to have caught a second wind, with values down 2% over the past three months to be 3.3% lower over the year. CoreLogic has released their newest housing market update for November 2018. The weakening conditions are concentrated across at the more affordable end…
Dwelling values continued to fall across Sydney, Melbourne and Perth in October, pushing the CoreLogic national hedonic home value index further into negative territory. Citing tighter credit conditions as a contributor to slower housing activity and lower dwelling values across Australia, CoreLogic head of research. The latest results take the annual decline across the national…
The seasonal surge in listing numbers is well underway, with fresh listings being added to the market up 16% relative to the end of winter. However, despite the upswing in new listings, fresh stock additions are tracking almost 4% lower than the at the same time a year ago to be at their lowest seasonal…
The CoreLogic September home value index results released today reported that half of Australia’s capital cities saw values track lower over the past twelve months. The remaining capital cities, as well as regional markets, have recorded a slowdown in the annual pace of growth as the housing downturn becomes more broadly based. The Australian housing…
CoreLogic’s recently released Pain and Gain report highlighted a growing divergence between houses and units for loss making resales. Unit markets recorded a higher proportion of loss making resales relative to houses across every broad region of Australia over the June quarter. The latest CoreLogic Pain and Gain report provides a summary of gross profit and loss…
The recent release of the June quarter Pain and Gain report highlighted the growing divergence between houses and units for loss making resales; units recorded a higher proportion of loss making resales relative to houses across every broad region of Australia over the quarter. The recent release of the June quarter Pain and Gain report…
Overall, it’s hard to see a scenario where Australian housing values could fall off a cliff. For this to happen we would need to see a material about face in labour market conditions, a global shock or a material rise in interest rates – none of which seems to be a likely outcome at the…
As reported in the latest CoreLogic home value index results, the national property market slowdown is having a wider impact with regional dwelling value growth experiencing the flow-on effect. In this week’s Property Pulse, CoreLogic takes a deeper look at just how values have changed over the past 12 months outside of the capital cities. …
