Over the month of March, growth in houses was 0.5% across the combined capital cities, outperforming the growth in the value of apartments. This continues the annual trend where houses grew 22.9% over the last 12 months while apartments only grew in value by 13.2%. At the national level, units recorded a 0.3% rise 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
Increasing storm surges and coastal erosion has the potential to impact $25 billion worth of Australian residential coastal property. The risk score methodology used by Corelogic evaluates combined coastal risks based on compounding storm surge (rapid erosion) and change in coastline (slow erosion), with the latter also implicitly considering ongoing rising sea level trends. It…
There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value, and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by…
The first quarter of the year has seen Australian dwelling values rise by 2.4%, adding approximately $17,000 to the value of an Australian dwelling. Corelogic’s National Home Value Index was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February. The uptick in the monthly rate of growth was primarily driven…
CoreLogic’s national Home Value Index (HVI) posted a 0.6% gain in February, the 17th consecutive monthly increase in the national HVI. While housing values are generally rising, the pace of growth in the national index has trended downwards since April last year. February’s growth of 0.6% marks the lowest monthly growth reading since October 2020…
Capital cities, regional areas, houses, and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. CoreLogic’s quarterly Rental Review shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter. Despite quarterly growth rates easing…
CoreLogic’s national measure of housing values rose by 1.1% in January, up 10 basis points from the December result, when the national index was up 1.0%. Five of the eight capital cities recorded a modest uptick in the monthly rate of growth, including Melbourne, which had posted a slight decline in values in the previous…
Australian housing values grew 22.1% last year and the market is showing signs this extraordinary rate of growth – not seen since the 1980s – is slowing across most of the capital cities. Yet as the rate of dwelling value appreciation slows, the capital city and broad ‘rest of state’ markets are yet to peak,…
Australian housing values were 1.0% higher in December, slowing from a 1.3% rise in November, continuing the softening trend in the monthly growth rate that has been evident since the national index moved through a cyclical high of 2.8% growth in March 2021. As dwelling value appreciation slows, conditions are becoming more diverse amongst the…
Nationally, dwelling rents increased by 9.4% over the 2021 calendar year. Unit rents were up 7.5% over the year compared to the 10.1% lift recorded in house rents. Rental growth trends across the unit sector have generally been milder than houses, with unit rentals being disproportionately affected by stalled overseas migration as well as domestic…