After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains. The performance of the housing market can vary dramatically from region to region, but also across the different product types and value ranges. Splitting the market into quartiles…
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
Across the nation, a higher proportion of houses are resold at a profit than units. This trend is also evident across the combined capital city and combined regional markets. In Melbourne, units were more than 4.5 times likely to resell at a loss than houses while in Brisbane units were 5.5 times as likely to…
The share of properties reselling at a loss across Australia continued to rise over the June 2019 quarter however, the majority of properties continue to resell in excess of their previous purchase price. Over the June 2019 quarter, 12.9% of resales nationally were below the previous purchase price which was the highest share since June…
Almost nine in 10 properties (87.1 per cent) resold in the June quarter made a profit for the seller, according to CoreLogic’s latest Pain and Gain Report (www.corelogic.com.au/paingain), which provides a view of how resold properties are performing across Australia. Nationally, 89.7 per cent of houses resold for higher than their original purchase price, compared…
Australia’s housing recovery gathers momentum through first month of spring, with national dwelling values up 0.9%. The CoreLogic September home value index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne property markets where values were up 1.7% over the month….
Housing sales activity slumped during the housing downturn, however the recent trend shows turnover has levelled out as home values rise and mortgage rates reach the lowest level since the 1950’s. While housing sales activity slumped during the housing downturn, the recent trend shows turnover has levelled out as home values rise and mortgage rates…
National dwelling values stabilise in July as five of the eight capitals record a slight rise in value. The CoreLogic July 2019 home value index results delivered another sign that housing conditions are stabilising following improvements in credit availability and lower mortgage rates, with national dwelling values flat over the month, supported by a subtle…
The CoreLogic June 2019 home value index results showed national dwelling values were down 0.2% over the month, supported by subtle rises in Sydney, Melbourne and Hobart while other capital city home values continued to trend lower over the month. The June housing market results present an early sign that lower mortgage rates and improved…
The CoreLogic May 2019 home value index results showed national dwelling values were down 0.4% over the month; the smallest month-on-month fall in a year. Although at a broad level dwelling values are still trending lower across the regions of Australia, the pace of declines eased further in May, continuing a trend that has been…
The national weekly rents have risen by 1 per cent during the first three months of the year. Key Findings: Nationally, weekly rents increased by 1.0% over the first quarter of 2019 which was the strongest quarterly rental growth since rents increased by 1.1% over the same quarter in 2018. Capital city rents were 0.9%…
