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
National dwelling values were down for the eleventh consecutive month suggesting spring selling conditions may deliver a challenge amidst rising advertised stock levels, tight credit and indications that mortgage rates are tracking higher. Australia’s housing market correction continued through August with the CoreLogic national home value index tracking 0.3% lower over the month. Since peaking…
Housing finance commitments to owner occupiers are trending higher as commitments to investors trend lower. There was $33.5 billion in housing finance commitments in February 2018 to Australian lenders. The total value of housing finance commitments increased by 1.0% in February 2018 and was 2.1% higher year-on-year. The $33.5 billion in commitments was split between…
The annual rate of national population growth has steadied recently. It was estimated that at the end of the September 2017 quarter, the national population was 24,702,851 persons. Australia’s population increased by 1.6% or 395,613 persons over the 12 months to September 2017. While net overseas migration has accelerated, natural increase has slowed. Net overseas…
The days on market metric provides an indication as to how quickly properties sold by private treaty are likely to sell. The current data at a national and capital city level shows fairly steady days on market however, we are seeing diverging trends across the individual cities. At the end of 2017, properties sold by…
The strong capital gains evident across the Sydney and Melbourne housing markets have created a significant boost in wealth for home owners who were fortunate enough to own a property through the latest growth cycles. However, the rate of capital gain has been remarkably lower across other markets with home owners outside of Sydney and…
