Housing markets around Australia continued to surge in May with CoreLogic’s national Home Value Index up 2.2% over the month. The rise in May was a stronger result compared with April (1.8%), but weaker than the 32-year high recorded in March when values surged 2.8%. Growth conditions remained broad-based both geographically and across the housing…
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
Owner occupiers have been the primary driver of the housing market rebound, comprising 76% of all new home loans over the twelve months to March 2021 compared with the decade average where owner occupiers have comprised a smaller 65% of demand; but the mix of housing activity is starting to change as investors become more…
The pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988. Such exuberant conditions have been driven by a multitude of factors including record low mortgage rates, a stunning surge in consumer confidence as the economic recovery beats expectations, a…
Rental markets across the country kicked into higher gear during the first three months of the year, with CoreLogic’s Rental Review for the March 2021 quarter revealing a surge in national rental rates of 3.2%. However the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase. …
While our housing markets are surging around Australia, rental market conditions remain diverse, with significant differences between the regions and housing types. From a geographic perspective, the tightest rental markets are Darwin and Perth, where both house and unit rents are recording double-digit annual growth. Rents are rising at a record-setting pace across both Perth…
CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month. Sydney led the pack for capital gains in March,…
Melbourne dwelling values have surpassed their earlier April 2020 peak by 0.2%, according to CoreLogic’s daily hedonic home value index. It had only been a matter of time before the recent strong capital gains in housing values-led Australia’s second-largest city to move to new record highs. Reflecting what we saw in Sydney earlier this month,…
Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003. Spurred on by a combination of record-low mortgage rates, improving economic conditions, government incentives, and low advertised supply levels, Australia’s housing market is in the midst of a broad-based boom. Housing values are rising…
Housing values continued to rise through the first month of 2021 with CoreLogic’s national home value index up 0.9% over the month. The January movement takes Australian home values to a fresh record high. Housing values have surpassed pre-COVID levels by 1.0%, and the index is 0.7% higher than the previous September 2017 peak. Every…
Australia’s housing markets built momentum through the end of 2020, pointing to a strong start to 2021. Australia’s property market finished the year on a strong footing with CoreLogic’s national home value index rising a further 1.0% in December; the third consecutive month-on-month rise following a -2.1% drop in dwelling values between April and September….