Sydney is leading the national downturn, with dwelling values 6.1% lower over the past twelve months. Core Logic has released their newest housing market update for October 2018. Housing values have been falling consistently since July last year, with larger declines evident for house values, which are down 7.6% compared with a 2.6% fall in…
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
Melbourne`s housing downturn has gathered some pace over recent months, with dwelling values tracking 2.4% lower over the September quarter; that`s the largest decline over the quarter for any capital city and Melbourne`s largest fall over any three month period since January 2012. CoreLogic has released their newest housing market update for October 2018. The…
Adelaide’s housing market has remained reasonably steady with dwelling values unchanged over the September quarter and only 0.7% higher over the past twelve months. CoreLogic has released their newest housing market update for October 2018. A year ago, dwelling values were rising at the annual rate of 5%, highlighting that despite the steady quarterly result,…
The Perth housing market saw values slip a little lower in September, down 0.6% over the month to be 2.8% lower over the year. CoreLogic has released their newest housing market update for October 2018. Although values are still trending lower, many of the other metrics are now pointing in the right direction for Perth….
The Australian housing market continued to weaken over the month, with national dwelling values falling 0.5% in September, marking twelve month of consistently falling values across CoreLogic`s national hedonic home value index. Dwelling values tracked lower across five of the eight capital cities in September while five of the seven «rest of state» regions recorded…
Preliminary auction results show 50.7 per cent of homes sold at auction. There were 1,850 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 50.7 per cent. Last week, the final auction clearance rate came in at 49.5 per cent across a slightly lower 1,817 auctions….
Auction volumes and preliminary clearance rate bounces back after last weeks grand final slowdown. Auction activity across the combined capital cities increased this week after last week’s grand final and public holiday slowdown, with 1,809 homes taken to auction, almost doubling from the 895 last week. The higher volumes returned a preliminary auction clearance rate…
With rapid population growth and a surge in high rise towers, many of Australia’s inner city regions have seen a surge in the population density. Australia is moving through the peak of an unprecedented boom in apartment construction. Over the twelve months ending March 2018 there were almost 97,000 medium to high density dwellings that…
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…
