Tim is Research Director at Cotality (formerly CoreLogic), analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
As expected, the RBA is taking a cautious approach, holding the cash rate firm at 4.1% in April, despite inflationary pressures easing into the target range and labour markets showing a softer outcome in February. The monthly CPI update for February shows core inflation has been tracking inside the RBA’s 2-3% target since December. At…
It was March 11th 2020 when the World Health Organisation declared COVID-19 as a global pandemic. Although the onset of the pandemic is now five years behind us, the influence on housing markets is still being felt. One of the most significant factors five years on from March 2020 is how housing values have changed….
After the most aggressive rate hiking cycle on record, the RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates. Australia…
A new analysis from CoreLogic shows that the typical home built in 2010 or later is twice as energy efficient compared to homes built before 2010. The analysis, part of the new report ‘Amped Up: How energy efficient are Australian homes?, shows that homes built after 2010 achieved an estimated median star rating of 5.9 out…
The hopes for a December rate cut were slim leading into today’s meeting, with financial markets giving just a 6% chance of a rate cut in December. That’s not surprising given the rise in the monthly inflation indicator through October to 3.5%, alongside ongoing tightness in labour markets, where the unemployment rate has held around…
A new analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any material slope, heritage rules or the…
There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points. It was only a few months ago when some forecasters were still expecting a November cut, but the data simply hasn’t been compelling…
National rents rose by 0.2% in October, a subtle bounce back from the weaker growth over the previous three months, but less than a third of the 0.7% monthly rise recorded in October of the past three years. Annual rental growth has dropped to 5.8%, the smallest annual rise in the national rental index since…
In a decision that was almost universally expected, the RBA kept the cash rate on hold at 4.35% at the September meeting. With the US recently dropping their cash rate target by 50 basis points last week, alongside earlier cuts from the UK, Canada, NZ, China and the EU (among others), the RBA’s decision to…
The housing value league tables have evolved significantly over recent years. At the onset of COVID in March 2020, Sydney had the highest median dwelling value, followed by Melbourne, the ACT and Brisbane. Perth was ranked 7th in terms of median dwelling value, after Darwin with the lowest median, followed by Adelaide. Fast forward to…
